[inle]

if a other FA can sell GE products, wats the issue here????

anyway most matured economies no longer haf tied agents liao...
if i m not worng, even Prudential in UK haf directed all their products to IFAs...
no tied agents even in their own home country...

but we can see the trend sweepin in in SG bit by bit...

[Xiaofighter]

Originally Posted by inle

if a other FA can sell GE products, wats the issue here????

anyway most matured economies no longer haf tied agents liao...
if i m not worng, even Prudential in UK haf directed all their products to IFAs...
no tied agents even in their own home country...

but we can see the trend sweepin in in SG bit by bit...

FYI.. the only FA group that can represent GEL are all tied agents from GEL whom seek permission themselves from company to register themselves and to act as a brokerage.

tracing back to the roots... they're still GEL agents themselves..

a big difference.. between a 3rd party IFA and a owned subsidary...

insurance companies has no direct control over a 3rd party IFA...

GE Holdings can order this one and only FA group to close down if they go against company's directions.

i don't not how true is it for matured economies to have lesser tied agents...

however GEL is pro agency... difference would be culture of a traditional thinking company that treasures human relationship... and profits orientated company in those matured economies.

Chance for GEL to go into a 3rd party IFA is very much unlikely. unless change of CEO..

[zhiz22]

Originally Posted by inle

if a other FA can sell GE products, wats the issue here????

anyway most matured economies no longer haf tied agents liao...
if i m not worng, even Prudential in UK haf directed all their products to IFAs...
no tied agents even in their own home country...

but we can see the trend sweepin in in SG bit by bit...

You are right. Its not really such a big deal. Comparatively, IFA might not even sell GE products if they have it in their stable because comparatively, other companies give better value. for some products.

[nomad]

only a few,not all.
and heard that AIA's funds are not doing very well,recently.

[inle]

Originally Posted by Xiaofighter

FYI.. the only FA group that can represent GEL are all tied agents from GEL whom seek permission themselves from company to register themselves and to act as a brokerage.

tracing back to the roots... they're still GEL agents themselves..

a big difference.. between a 3rd party IFA and a owned subsidary...

insurance companies has no direct control over a 3rd party IFA...

GE Holdings can order this one and only FA group to close down if they go against company's directions.

i don't not how true is it for matured economies to have lesser tied agents...

however GEL is pro agency... difference would be culture of a traditional thinking company that treasures human relationship... and profits orientated company in those matured economies.

Chance for GEL to go into a 3rd party IFA is very much unlikely. unless change of CEO..

it s a fact tat matured economies r clearin up their tied agencies n tappin into IFAs to an extent tat there s no more or little tied agents left...
mayb u can check on US, UK, Australia etc...
SG govt has always been copyin them in tis sense...
sad n tragic news for tied agents....

mayb u like to check on GE portion being represented by IFAs too...
it seem u r rather unfamiliar wz the industry u r workin in...
at least more unfamiliar than some of us here...

Originally Posted by nomad

only a few,not all.
and heard that AIA's funds are not doing very well,recently.

u meant ILPs????
cos AIA only got ILPs...
AIG s a fund hse....
in UT investments, funds r secondary...
there r other ways to look at it 2 leverage on any economic swings....

[Xiaofighter]

Originally Posted by inle

it s a fact tat matured economies r clearin up their tied agencies n tappin into IFAs to an extent tat there s no more or little tied agents left...
mayb u can check on US, UK, Australia etc...
SG govt has always been copyin them in tis sense...
sad n tragic news for tied agents....

mayb u like to check on GE portion being represented by IFAs too...
it seem u r rather unfamiliar wz the industry u r workin in...
at least more unfamiliar than some of us here...

u meant ILPs????
cos AIA only got ILPs...
AIG s a fund hse....
in UT investments, funds r secondary...
there r other ways to look at it 2 leverage on any economic swings....

sad case for ifas and bancassurance..

Financial Planning isn't about high tech selling...

Tied Agent might be wipe out of ang moh countries... but sad to say Asian work differently..

I'm not sure how muhc u know about me... but i'm quite sure ur vision is narrow...

[Xiaofighter]

btw.. understand that Asians are emotional...

and to think that IFA exist in singapore are due to the aunties that these IFA grow up with... =)

compare compare compare...

so since aunties forever here.. means there will still be idiots who stupidly think IFA is more superior... and start join IFAs like Aunties joining NTUC... =)

alrite la.. seriously... i see no point in toking to you guys..

remember my msg.. if you all continue having such narrow minded thinking... 5 years down the road... u might or might not succeed... 10 year down... u'll fail..

[inle]

Originally Posted by Xiaofighter

btw.. understand that Asians are emotional...

and to think that IFA exist in singapore are due to the aunties that these IFA grow up with... =)

compare compare compare...

so since aunties forever here.. means there will still be idiots who stupidly think IFA is more superior... and start join IFAs like Aunties joining NTUC... =)

alrite la.. seriously... i see no point in toking to you guys..

remember my msg.. if you all continue having such narrow minded thinking... 5 years down the road... u might or might not succeed... 10 year down... u'll fail..

i think humans r emotional n not limited to Asians only...
jux to share wz u tis...
the financial directions, movements of SG models after US, UK...
tis s how MAS n the financial governin bodies works....
n more foreign financial companies r rushin in v v soon....

i m not sayin tat which s more superior but tis trend s already movin already..
whether u like it or not....

btw if i m not mistaken, IFAs dun haf many aunties n tied agencies also haf uncles n aunties ya....
however i had to admit tat Prudential haf one of the younger work force....

[Kaze.YonGMinG]

hmm.. actually i dun mind aunty uncles for insurance agent. in fact more sense of security thinking they know what they are doing.
prudential's young work force is probably due to the aggressive recruitment... yea... very aggressive.

from management trainee to assistant sales executive they gave it all kinda names and ppl walked into interviews and get closed by the idea that financial line is blooming. of coz its not totally wrong just not so direct way of recruitment and it actually brought in a lot of fresh blood

[inle]

Originally Posted by Kaze.YonGMinG

hmm.. actually i dun mind aunty uncles for insurance agent. in fact more sense of security thinking they know what they are doing.
prudential's young work force is probably due to the aggressive recruitment... yea... very aggressive.

from management trainee to assistant sales executive they gave it all kinda names and ppl walked into interviews and get closed by the idea that financial line is blooming. of coz its not totally wrong just not so direct way of recruitment and it actually brought in a lot of fresh blood

a bit of trickery in recruitin ya....
no wonder some of these tricks or the concepts of these tricks r ltr played on the customers....

[Kaze.YonGMinG]

hmm... play on customers? that one u can report to MAS.