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Looks like somebody is monitoring the Weighted Premium Indicator (WPI) on a weekly basis, and doesn’t like what he sees. Probably he’s becoming desperate due to many customers free-looking their CPN23 after seeing the 3.3% inflation rate in the newspapers, with even more inflation coming in 2011. The vast majority of maturing policyholders also are not buying into CPN24. The trainers and sales mgrs are working their mouths & fists overtime to get their agents to sell these dubious “savings” koyok, using “better than the bank” comparison and scaring potential consumers that S’pore govt no longer guarantees bank deposits from Jan 2011 onwards, so better to put into this “savings” koyok.
Replyyou can see how desperate they are…..to be #1 using the same tactic based on weighted premium. Last year they won because of capital plus…I wonder how many will be conned ..oh , it sells if it is compared to bank FDs but capital plus is NOT risk free and liquid as FDs.
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