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Tag Archives for " HSBC "

Hot Single Premium Non-Participating Endowments

In the past few months, we have seen a number of single premium non-participating insurance plans being launched by different life insurance companies: AIA, NTUC, Prudential, HSBC and TM Asia Life. The plans are either 2 or 5 year terms offering yields of between 1.4% to 2.75% p.a. AIA Wealth Accumulator HSBC Guaranteed Saver Plus […]

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What I Meant by Annualised Yield

There were some questions on the annualised yield figure that I provided in my previous post on the HSBC Guaranteed Saver Plus. That figure is based on compound interest and is the most relevant indicator (annualised yield or annualised returns) for you to compare against other similar lump sum investments. Let’s say you put $1000 […]

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HSBC Guaranteed Saver Plus Premium Discount

HSBC is currently having a promotion on their existing Guaranteed Saver Plus plan which is a fixed 5 year term single premium non-participating endowment plan. With the premium discount campaign, the annualised yield could go up to as high as 2.75%. The yield is guaranteed and not a projection. The discount for various investment amounts […]

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Minibonds Update

Many people have been asking why their Minibond capital is affected by the bankruptcy of Lehman Brothers when it is not one of the reference entities. I think a picture would explain this relationship very clearly. The layman explanation of how it works is this: You provide the capital. It is used by Minibond Limited […]

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Lehman Minibonds Trustee HSBC Has Engaged Legal Counsel

The Monetary Authority of Singapore (MAS) has received queries from the public on Lehman’s Minibond and have contacted the trustee of the Minibonds, HSBC Institutional Trust Services (Singapore). HSBC in turn has engaged legal counsel to explore all options available. Investors who have purchased the Minibonds have been adviced by MAS to contact the financial institution from […]

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