Hi, would like to ask for sifus opinion.

A family member would like to apply for a long-term savings and investment plan (it's legit, 12m x 5y w/ 20 year maturity) in my name with payments fully made by them. It's a nice gesture, but since it's being made in my name I would like to know what is the worst case scenario that could happen?

e.g.
1) Payment is not made on time - any impact on my CCRIS?
2) Payment is not made on time - will I be hounded by payment reminders?
3) And anything else that could happen?

Hi, would like to ask for sifus opinion.

A family member would like to apply for a long-term savings and investment plan (it's legit, 12m x 5y w/ 20 year maturity) in my name with payments fully made by them. It's a nice gesture, but since it's being made in my name I would like to know what is the worst case scenario that could happen?

e.g.
1) Payment is not made on time - any impact on my CCRIS?
2) Payment is not made on time - will I be hounded by payment reminders?
3) And anything else that could happen?

my wild guess while waiting for value added responses,...
saving plan is NOT a loan,.....thus will has no bearing to your CCRIS report.
if this saving plan is like those of "insurance saving plan,.... then my guess is that the money inside will greatly reduced if in the event that there is a discontinuation of the plan midway .... and yes, they will sent you payment reminder

if can tell them to put inside your EPF a/c

Is it via an insurance company thats offering these?

If yes, it would be similar to an insurance policy and worst case being that it lapses if payments are not made, no impact to CCRIS as that would primarily be looking at non payment of loans/borrowed money/credit facility.

Also, getting a copy of the terms & conditions should lay this out for you.

Just my 2 cents, and happy to be corrected in case I am wrong.

Okays that sounds reasonable to me. Will take note on your advice on maintaining continuous payment.

Just a note,
Many had mentioned, the returns of "saving plan" is just a bit better or same as Fd,... As most of the supposed returns had been used to pay premium used to provide the insurance coverage through out the entire duration....

Hi, would like to ask for sifus opinion.

A family member would like to apply for a long-term savings and investment plan (it's legit, 12m x 5y w/ 20 year maturity) in my name with payments fully made by them. It's a nice gesture, but since it's being made in my name I would like to know what is the worst case scenario that could happen?

e.g.
1) Payment is not made on time - any impact on my CCRIS?
2) Payment is not made on time - will I be hounded by payment reminders?
3) And anything else that could happen?

Have a friend who introduced me to the MCIS titan fund. Anyone have any experience/knowledge about it?

It seems its performing quite well, with returns from 14-20% yearly.

I Googled and got this from,...
https://www.mcis.my/Media-Centre/Investor-R...t-Linked-Funds#

Do you mind sharing where u got that fact sheet from? I would like to clarify this with him. thanks btw !
The one stated in my contact is as follow:


My friend mentioned that all fees will come out from the 5% at the beginning (5% of the total value given in the beginning is deducted for fees and insurance etc, the remaining 95% is whats invested)

Hi guys, is unit trust still a good investment tool in current market? Recently been approach by UOB and they are offering me their Great dragon and global fund tied with prudential, telling me their pass record of 7 to 10 percent return after deduct their fee.

Currently starting unit trust investment NOW is definitely better than if started 2 yrs ago.
Just not sure if starting now would be better than if starts 2 yrs later from now too.

Just be aware of the sales charges when you buy from them. There are platforms that charged much less.

Just do take note that: Past performance is not indicative of future performance.

They are offering fund spread out 3 years of DCA method, according to them the charges is 2.6percent of total fund and 1.5 percent of profit annually.

Or should I set up FSM account and invest?

what is the legit rate if agent handling the fund for me?