I'm not too sure. I think despite what many people think (some claiming got syndicate or insider job and all) PNB has always ensured that it's an open free-for-all-fair-game environment when it comes to purchasing their FP units. Yes some of their customers leverage the relationship they have with their bankers and leave their passbook and all, PNB has never supported or agreed to such things.

So what happens if PNB opens up other channels such as mobile apps or even ATMs? Well you can't really blame PNB now can you. Their job is to open as many channels as possible to meet their customer's needs.

Banks/agent are the collateral damage? I personally believe banks become PNB agents for the loans that is offered. The income they generate from giving out loans far more outweighs whatever transnational commission they get I think

This post has been edited by hyelbaine: Mar 8 2017, 10:08 AM

i think similar to online banking, asnb portal gave retail investors the same convenience to buy into it (just hope they allow sell later )

so similar to online banking, OTC service will mostly for those traditional or wealthy investors, which might be slowly dying out as more and more people opt for online transaction

may save asnb cost on multiple agent commission, instead focus more on their network infrastructure for the online portal

about 10mins ago...

looks like the days of topping up 20K at one go is gone (but no money nowadays also la hehe)

This post has been edited by Chrono-Trigger: Mar 8 2017, 10:16 AM

I doubt banks get much out of processing those FP transactions; hence the tellers usually is not super keen to do it. But the ASB loans and VP funds are more lucrative and hence the attitude of the bank staff change 360 degree when you tell them you want those instead

Besides, management fee charged by PNB is very low; for ASB that I remember is only 0.35%; they won't be paying much to the banks for processing the transactions I guess. Expense ratio seem low as well

wah. u everyday topup 20k?

Most likely yes.

No such thing. All agent banks are fair play. Siapa cepat dia dapat whenever units are available.

This post has been edited by Ramjade: Mar 8 2017, 10:17 AM

no la, but the people here said last year was the best as the funds very easy to get , some people top up 50k at one go.

I personally know a banker who works for foreign bank, who put all her money into PNB funds. Millions ok . She bought the funds last year, when many people are selling.

Now I guess she got her target of few millions.

This post has been edited by Chrono-Trigger: Mar 8 2017, 10:19 AM

wao.. millions.. but i am wondering put ALL the money into PNB.. is it safe?

never put all your money into one basket, however good it may be

all depends on ur timing. if at the exact moment someone withdraw big, u can get it. in fact if u r patient enuf to keep trying, can even get 5 digits at one go

She also has lots of money in American bank stock, bought it during the 2008 crisis when the prices were dirt cheap. (When everyone was selling, she bought)

From what I see now, she now has foreign exchange gain + capital gain from the american stocks.

so, someone like her, also put money in PNB....

She used to tell me, if want to retire comfortably in Malaysia, taking into consideration future inflation - must have 5 million cash.

This post has been edited by Chrono-Trigger: Mar 8 2017, 11:04 AM

your fren seems like a very smart investor.. just wonder what's her profession.

Professional banker, working for an American bank.

i think no comission for agent bank to transact FP.Banks are doing national service for FP. That is why mbb cimb dont do. 5% comission for VP.

meaning her cash is 5 mil, plus those property and other investment.. hmm.. many here also millionaire.. including u..

Correction. For VP there's 5% service charge. Kena before.

how is the performance for their vp fund?

I'm not in IT, so I won't sure the readiness of the infrastructure to support million users. It's not official directive from the management, it's just a reminder from my friends in IT. They just told us to wait for a few weeks for the system to stabilise before telling others. I'm sure they're ironing out all the bugs to ensure a smooth launch later.

I believe they have blocked the user to Top Up via portal now. cannot get any units.

maybe no units? if they wanna block, they would have blocked the site?