SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore

Yes and that is why i share my experience for other not to do the same mistake

RDR reform in the UK and change in regulations in Hong kong have been implemented exactly to avoid this
I am wondering whether such regulation on the disclosure of the commissions exist in singapore ?
If you go see your RM he will tell you the fund is underperforming ...

Yes it is an investment linked product but the insurance fees are outside the fund (1.5 % annually)
The same fund for the next generation of product doesn t have any b/o
My guess is that the b/o is actually used to pay sales commission

Hi Strong eagle

I think too. I am learning the hard way. To nbe fair the surrender penalty is something clearly mentionned, the bid offer are clearly not
Looking at all the fees since inception, they represent 70% of the total fees
I agree i should look at legal option

The surrender penalty is too high (during the frst 7 years of the products a big part of the capital can be lost) and it is not possible to stop paying the regular premiums (Only premium holidays which can be seen as a pause in the payment but it doesn t mean that you can exit the product). There is...

Coming back to this topic I just noticed that the same fund is offered in the old and new products of hsbc. In the old product the bid offer of the fund is 5% In the new product 0% If the purpose of the bid offer is to cover some transaction within the fund, I don't understand why the charging is di...

It is just surprising how they market the new product : "Simple and transparent solution to increase your returns No more multiple charges like policy fees, supplementary charges, bid-offer spread, cost of insurance, etc. " Sounds like they are learning from their mistakes :-) @JR8 : still chasing m...

I looked at the firstcompare website to download the prospectus but it seems that the product The product has been removed :-) Few weeks ago it was it was still there. I probably can find it and post it later How about my question on the bid offer ? Any information ? Is it a usual fees in the insura...

Hi JR8, Thanks for your quick feedbacks. I think that mistakes in terms of investment can happen. I just feel like in this product the returns needed to offset the fees is way to high and the bank which provides this product should disclose all the fees which Has not been the case because some of th...

Hi, I am quite new in this forum eventhough I have been living in Singapore for more than 3 years now as an expat. In particular, I wanted to have some feedbacks regarding a particular product that I subscribed to through HSBC which is called HSBC growth manager (If any person in this forum subscrib...