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My vision is to create a cohesive group for my family of financial planners to better serve our clients. You may wish to read more in our page “Why our Blog”

Coming from a person who is suffering from a mild genetic disorder, I have experienced the importance of how insurance has dramatically shaped my life. My mission is to share with you readers the importance of Retirement Planning, Risk management and Wealth Management before we ever live to regret our lack of planning.

No one wants to outlive their money. No one plans to fail. Let us not fail to plan. Should you have any query, please do not hesitate to drop me an email - asoongch@gmail.com, Mobile - 96667946. As a family of agents, we are committed to providing you the best value - Alvin Soong

MAS amends rules on Capital Gauranteed and Capital Protected

September 10th, 2009 by ALVIN SOONG

A ‘capital protected’ product is where the principal sum is ploughed into investments like bonds which, on maturity, are expected to provide the 100 per cent capital protection.However the bonds could turn sour and affect the value of the investment, and people may not get back 100 per cent.

This is to be distinguished from ‘capital guaranteed’ products where an investor is guaranteed to get back at maturity the money that he invested on day one.

The fortunate thing is capital protected term is now banned by MAS to avoid confusion with the investment products.

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