this forummer posted he had "so far, have been profiting for the past 3.5 years (even though the return does not promise guarantee, comes with a little high of volatility which is acceptable) and the return is about 20-30% averagely."

https://forum.lowyat.net/topic/5053500/+0#entry98828700

UBB crisis trust is no longer available. The min if I'm not mistaken offered during PKPP is RM30K.

UBB amanah cash trust minimum is RM60K. We offer to client not because of return. But only for the purpose of estate planning. In term of death event, this vehicle can cash out within 2 weeks. Early this year I saw my client get dividend around 5.5%. We not propose this for investment. However, it is very useful for estate planning because this one will not be frozen once passed away. I believe because under Trust Act. This one also can passed out to beneficiaries too.

To some extent, it depends on the risk you are prepared to take. I believe the trust companies are capitalising on low fixed deposit rate to entice low risk takers to park their cash with them. Your fund manager friend would more suited to those with appetite for higher risk.

This post has been edited by Cyclopes: Nov 9 2020, 03:29 PM

that is a very responsible kind of comment

this 5.5%pa dividend that you saw your client obtained is nett of all fees?

how long have you been with this company?

is 7%pa nett, the normal returns for either of this Cash trust or Crisis trust?

has either of these 2 trust (crisis & cash trust) given out 7%pa nett for the pass recent few years continuously?

when have this crisis trust ceased to exists?

what is the current nett pa return rates given out for the cash trust?

This post has been edited by MUM: Nov 9 2020, 03:41 PM

My advisory client checked his saving account in front of me, he received more than RM3.5k.. which I recalled more than 5.5% just after one year, on his anniversary date. He put only one year.

Crisis trust is similar, however promoted to clients who previously not afford to dump min Rm60k.





How long have been? More than 3 years

the previous Crisis trust has historically earning 7%pa nett for more that 3 yrs continuously?

This post has been edited by MUM: Nov 9 2020, 04:21 PM

Current net return for cash trust is 6%, while crisis trust which available only for campaign this month is 7.5%.

If you interested , I could introduce my agent for you, quite reliable and informative, able to solve all my inquiries and doubt. . I cash out once for the cash trust from them before and now putting it again under crisis trust.

So far for the cash trust I been getting 7% yearly for the whole 3 years period.

Is UBB Amanah Berhad is legal ? Never heard this name before.

check this out?
they said they ARE IN FULL COMPLIANCE OF THE FOLLOWING ACTS
​
Trust Companies Act 1949
Companies Act 2016
Trustee Act 1949
Personal Data Protection Act 2010 (PDPA)
Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA)
Wills Act 1959
Probate and Administration Act 1959

https://www.ubbamanah.com/our-expertise

Ummm talk so many acts to be complied.
Some of their commission agent also told their customer that they are PIDM approved.

But PIDM didn’t listed them
https://www.pidm.gov.my/en/for-public/depos...s/member-banks/

So who telling lie? Company or agent?

ask the agent that told you ?

Even some greedy agent can argue this UBb is kind of trustee and able to pay higher return than FD.
But people deposit to you is kind of trust and their hard earned deposits. In case some thing happens, customer would not able to get refund.

I don’t say this is money game, but any investment return higher than normal rate. Then invest on your risk.

No agent didn’t tell. And keep telling they are saved and regulated.

Fortunately We survey our self..

All investor should be survey before made any investment.
Because in case anything happens. Agent will not care.

ok noted

anyone heard of this UBB Amanah. Projected profit share 1st - 4th Year: 6.0% - 8.0% per annum (Net of all fees)
5th Year: 7.0% - 9.0% per annum (Net of all fees)

Yes... Returns are as similar to as discussed in the last few pages

hi im goh here. UBB consultant. Anyone have question to know more about UBB Trust please PM me. Just to let u guys know, if u do a more deeper research on UBB then u must be known that the current "ubb amanah berhad" is fomerly known as "Ubb (malaysia) trustee berhad which is a asosiate company of affin bank.

https://pictr.com/images/2021/03/10/7yziW2.md.jpg

can i get the link please.

guys, do a research on trustees before u have a negative mind 😂😂

i am not so worried about the trustees,...i am more worried about the Said and promised would be "nett return value pa"

thus do a research and get a confirmation from that company in writting and most importantly read the written contract for actual printed T&C on that before you have a positive mind
(example is at page 2)

This post has been edited by yklooi: Mar 23 2021, 12:08 PM

Hi everyone.

I find this company prove to be as what it is .

Had various account with this trustee. UBB does provide the returned as what they promised.

I had renew my cash trust for another term (3 Years).

during my trial time i just had place minimum amount, now that ive gotten what been promised i decided to place more.

but now my agent is promoting their preservation trust. i find the tenure quite long for 5 years i can earn more in other investment company.

but for cash trust i can verify that its never failed to pay my returned as promised.

just that when i renew they change the projected returned rate.