DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖
DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖
Today we zoom in on three headlines that look harmless on page one but are brutal if you are a 55-year-old trying to live on CPF, T‑Bills and REIT income. DBS is rolling out 18 new wealth centres across Asia and upgrading 36 more, which sounds like growth… until you realise it is a giant machine for fee income and your 6.16% yield only works if you do not buy at the wrong price. MAS and the Life Insurance Association are also calling out agents who sell ILPs as “capital guaranteed upon death”, when your money can still swing up and down while you are alive and needing cash. And Jumbo Seafood losing its East Coast flagship after nearly 40 years is your Bedok kopitiam reminder that one landlord’s decision can quietly redraw your dividend map
📺 YouTube: https://youtu.be/9njmlVy_szU
📩 Substack: https://investingiguana.com/p/dbs-opens-18-wealth-centres-mas-catches
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