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I agree that these advisers are like loansharks. There’s a demand so they’re there to serve it. But to better protect others, we shd be able to identify these so-called advisers. Are their names or those of the companies they work for published?
At least this’ll be a much bigger deterrence.
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The authorities are never pro-active. Nothing actually happens until a VIP decides something needs to be done, and all of a sudden, the problem is dealt with.
There have been many instances of problems vis a vis public transport, health care etc, when public policy suddenly takes a 180 degree turn due to a minister changing his mind.
It is pretty sad that the victims participate actively to frittle away their own CPF savings, their immediate needs are so over- whelming, they cannot see past the immediate future. Very sad.
As long as there are sharks around and people in need of quick money, ways will be found, the authorities are too probably too slow, so everybody needs to be careful with their own money.
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Generally, they are reactive in nature. The catalyst can be either VIP like you mentioned, or some press reports. Look at the recent killer litter thing as a good example.
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