Hello frens,

An ex bankers recommended this Ubb Trust to me
Its new to me as i never had any trust account.

This particular product is called Cash Trust.

www.cashtrust.my
www.ubbamanah.com


Their fee is 3.5% pa , seems quite high
yet it says NETT return assured 6-8%pa for 3 year tenure product,
min RM60k capital guaranteed,

She said it has benefits that FD do not provide in
death claims, bancrupty etc..

Any of you guys have Trust account with Ubb,
are they reliable?

I am tempted to try as FD rate is getting lower..

Hi,

My fren intro this cash trust to me as well.
UBB is a trust company which established more than 30years in market. This Cash trust launched since 2014, 3 years tenure, with bankruptcy proof, creditor proof and tax free benefits as normal trust. So far every year the trust giving 7% return per year. The return will be direct transfer to our bank account. Now they having promo for the fee reduce to 1%, i dont know whether your banker got inform u.

For me, it more worth than FD since the return rate is higher, it can be my another savings option. The only thing is if u premature withdrawal will have penalty. If u looking for mid-long term savings plan, it can be your choice.

Just my own sharing, hope it helps.

high risk product, i give it a miss

Anyone know more about this cash trust? Is it reliable?

do you mean, are they regulated/authorised in Malaysia?

It is not capital "protected". It is only capital "safeguarded". So invest at your own risk.

I believe they are governed by Trust Act. Primary role would be to protect the capital or monies that put into the companies by the Trust Act. The earning of return more that any statutory limit, is probably a business transaction. I am not sure if there is a written % as return.

do take note below if you meant that as your concern about "reliable"

btw, do take a look of their % of charges per annum other than just the % of returns per annum too
(for they could gives you 6% but then charges you 4% for it)

hi sifu, just want to recheck, my agent got say its net.
example, if that year get 8% roi, we get fully 8%.

or is it 8% - 4.5% ?
thanks.

cos i see FD also around 2.5-3.5% nowdays...
any thoughts?
got a FD matured in july.
thanks in advance

while waiting for confirmation....

in that case, get the agent to chop sign with company chop to confirm it is 8%pa net of all other fees?
ask him/her to tell how that trust company gonna make money if they gives you 8% net pa (after minus the 3~4% annual mgmt fees)??
they need to make >12% pa just to pay you, the mgmt fees + the agent commission....
or
read post 36 (next page) by MUM

This post has been edited by yklooi: Jul 24 2020, 12:48 AM

Im interested to know more too

it's net

so far... this is the reply.

[10:34, 12/06/2020] The service fee is taken from the returns earn before the payout of ur interest.
[10:35, 12/06/2020] The amount stated in the deed is the interest u earn.
[10:46, 12/06/2020] If u r wondering y the company can earn so high interest? It is because trust companies r not banks. The cashflow turn over in banks are very fast as compared to trust funds. Trust funds whether in aseets or cash are created as legacies for the family or for future generations or the protection of wealth. All assets and cash are kept and managed for 1 or 2 more generations. The trust act started in 1949. So the assets and cash has been kept since then. Whether by UBB Amanah or other trust companies. 2ndly trusts companies illiminate the middle men which is the banks. Which is why thus far trusts funds have only been available to high net worth people like bill Gates and Jho Low for example.

so i think, they earn more than x% then after minus fee. then they give us 7.5% 1st year, 8% 2nd year. mine is the crisis funds type, got another normal type plan.

when i go back Pg, i will ask him f2f loh. now thru whatsapp nia.

just do as per what as per suggested by yklooi..." get the agent to chop sign with company chop to confirm it is 6~8%per annum net of all other fees" and not returns 6~8% nett over the entire 2 yrs tenure.
i think the agent/company sure got no problem doing it....
as the earlier forumer had also mentioned

This post has been edited by MUM: Jun 13 2020, 11:55 AM

To those who are interested, this appeared in my Facebook feed, gives 8%

https://www.facebook.com/101940228132815/po...261775/?app=fbl

too free, googled and found this....

https://www.dcsprivatetrust.com/product

written 8% PA, ....but they will charge 3% subscription fees per annum with heavy penalty for premature withdrawal ...

also unsure how long will it takes for that money to be refunded upon completion of tenure......

updated latest:
or
read post 36 (next page) by MUM

This post has been edited by yklooi: Jul 24 2020, 12:49 AM


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If it is too good to be true it most probably is.. Am not saying this is not a genuine scheme but it only cost rm 15 to make a company stamp and rm 2k to register a company. Office rent is also not expensive. If a company takes your money, pays it out to someone and later declares bankruptcy legal action is useless as legally they didn't do anything wrong.

do you meant UBB is a RM2k company? and UBB as a trust company can declares bankruptcy legal action is useless as legally they didn't do anything wrong.?

I am just giving you examples on the many ways how it is possible to commit fraud. It's easy to forge documents, a website and a office. A lot of times in fraud the agent or the company committing the fraud will claim linkages to a proper company. Like recently Vincent Tan just lodge a police report as there have been a lot of people claiming he is backing some cryptocurrency investment.

You have to check things for yourself but currently with the low FD rates any commited return of 5% and above most probably has a chance of partial capital lost.

I am just giving you examples on the many ways how it is possible to commit fraud. It's easy to forge documents, a website and a office. A lot of times in fraud the agent or the company committing the fraud will claim linkages to a proper company. Like recently Vincent Tan just lodge a police report as there have been a lot of people claiming he is backing some cryptocurrency investment.

You have to check things for yourself but currently with the low FD rates any commited return of 5% and above most probably has a chance of partial capital lost.

UBB is a trustee company. So which company is running the investment scheme? To collect money from the public you need to be licensed under the interest schemes act 2016 or the capital markets services act. In any case need prospectus. Where is the prospectus ? Can’t find any in their website.

while waiting for responses to your query, you can try to explore their website for some added info
or contact them directly if you cannot wait for responses and are in need to know to clear your doubt.
https://www.ubbamanah.com/cash-trust

(This type of Trust fund is not the same as unit trust fund)

This post has been edited by MUM: Jul 15 2020, 07:45 AM

Probably Section 8/1/d of Trust Companies Act gives them the authority.

see IF what you hear is what you get...



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Gives them the authority to invest but at the instructions of somebody else ? Who is the somebody else? Basically that somebody else needs to be licensed.

refer to GUY3288 posting above, see Management of trust capital,....there is a mention of "Authorised Investment",....

thus i think the more appropriate question would be "what are those?"

but then, as per CYCLOPES post about Trustee's ACT 8/1/d,...which reads...


(d) to act as investing and financial agent for and on behalf
of executors, administrators and trustees or any other
persons whatsoever, and to receive money in trust for
investment and to allow interest thereon until invested;
and to undertake for and on behalf of executors,
administrators and trustees or any other persons whatsoever
the negotiation of loans of all descriptions and the procuring
and lending of money on the security of any description
of property, immovable or movable, or without taking
any security on such terms as may be arranged, and to
advance and lend moneys to protect any estate, trust or
property entrusted to the company as aforesaid and to
charge interest upon any such advances:
Provided that nothing herein contained shall be held
either to restrict or extend the powers of the company as
trustee or agent under the terms of any trust or agency
that may be conferred upon it;

.......btw,...since they are governed by this ACT....
i cannot find in the ACT that mentions that THEY MUST have a license to do that management of trust capital....
i could be wrong or missed reading it....
Please go thru and correct me if i erred in reading it
TRUST COMPANIES ACT
http://www.agc.gov.my/agcportal/uploads/fi...N/Act%20100.pdf

NO wonder you cannot find more info about how they operate in their website......for as per the ACT, they are obligate / mandated to just need to submit annual statement to the Register....no mention of the need to put for public viewing too...


This post has been edited by MUM: Jul 16 2020, 08:25 AM

Was quite interested till i read this. Pg has too many get rich schemes to trust.
In my view, there are too many red flags, penalty of 12-15% for early withdrawals, service fees by % of your capital?
Would not recommend if you are betting your life savings on it.

[quote=MUM,Jul 16 2020, 08:04 AM]
refer to GUY3288 posting above, see Management of trust capital,....there is a mention of "Authorised Investment",....

thus i think the more appropriate question would be "what are those?"

but then, as per CYCLOPES post about Trustee's ACT 8/1/d,...which reads...
(d) to act as investing and financial agent for and on behalf
of executors, administrators and trustees or any other
persons whatsoever, and to receive money in trust for
investment and to allow interest thereon until invested;
and to undertake for and on behalf of executors,
administrators and trustees or any other persons whatsoever
the negotiation of loans of all descriptions and the procuring
and lending of money on the security of any description
of property, immovable or movable, or without taking
any security on such terms as may be arranged, and to
advance and lend moneys to protect any estate, trust or
property entrusted to the company as aforesaid and to
charge interest upon any such advances:
Provided that nothing herein contained shall be held
either to restrict or extend the powers of the company as
trustee or agent under the terms of any trust or agency
that may be conferred upon it;

.......btw,...since they are governed by this ACT....
i cannot find in the ACT that mentions that THEY MUST have a license to do that management of trust capital....
i could be wrong or missed reading it....
Please go thru and correct me if i erred in reading it
TRUST COMPANIES ACT
http://www.agc.gov.my/agcportal/uploads/fi...N/Act%20100.pdf

NO wonder you cannot find more info about how they operate in their website......for as per the ACT, they are obligate / mandated to just need to submit annual statement to the Register....no mention of the need to put for public viewing too...



The Trust Company act must be read together with the interest schemes act and the capital market and services act.

In short anyone collecting money from the general public for investment purposes needs to be licensed to do so. The purpose for which the money is collected and how it is going to be invested needs to be made clear in a document which is called a Prospectus.

well, then i guess the above is your own interpretation of the requirements.......

there are many trust companies in Malaysia too...
here is another example other than the UBB ...
try explore this site to see if there is a prospectus available for public viewing?
DCS private trust
https://www.dcsprivatetrust.com/

i maybe wrong, but i think there are other entities, that "collects money from general public for investment purposes but does NOT need a "PROSPECTUS" .
this just came to my mind ....the CO-OPERATIVE SOCIETIES....
for they have their own CO-OPERATIVE SOCIETIES ACT just like the trust companies have their own TRUST ACT to govern them.

added this, (from TIM SUM buddies), banks collect my money in saving a/c.....they use it for investment purposes...
thus if following your requirement as stated, "In short anyone collecting money from the general public for investment purposes needs to be licensed to do so. The purpose for which the money is collected and how it is going to be invested needs to be made clear in a document which is called a Prospectus."...then do they need to have a PROSPECTUS mentioning clearly the purpose of the collected money and how it is going to be invested to saving a/c holders too?

This post has been edited by MUM: Jul 17 2020, 08:38 AM

[quote=Thasmita,Jul 17 2020, 07:26 AM]
[quote=MUM,Jul 16 2020, 08:04 AM]
refer to GUY3288 posting above, see Management of trust capital,....there is a mention of "Authorised Investment",....

thus i think the more appropriate question would be "what are those?"

but then, as per CYCLOPES post about Trustee's ACT 8/1/d,...which reads...
(d) to act as investing and financial agent for and on behalf
of executors, administrators and trustees or any other
persons whatsoever, and to receive money in trust for
investment and to allow interest thereon until invested;
and to undertake for and on behalf of executors,
administrators and trustees or any other persons whatsoever
the negotiation of loans of all descriptions and the procuring
and lending of money on the security of any description
of property, immovable or movable, or without taking
any security on such terms as may be arranged, and to
advance and lend moneys to protect any estate, trust or
property entrusted to the company as aforesaid and to
charge interest upon any such advances:
Provided that nothing herein contained shall be held
either to restrict or extend the powers of the company as
trustee or agent under the terms of any trust or agency
that may be conferred upon it;

.......btw,...since they are governed by this ACT....
i cannot find in the ACT that mentions that THEY MUST have a license to do that management of trust capital....
i could be wrong or missed reading it....
Please go thru and correct me if i erred in reading it
TRUST COMPANIES ACT
http://www.agc.gov.my/agcportal/uploads/fi...N/Act%20100.pdf

NO wonder you cannot find more info about how they operate in their website......for as per the ACT, they are obligate / mandated to just need to submit annual statement to the Register....no mention of the need to put for public viewing too...

The Trust Company act must be read together with the interest schemes act and the capital market and services act.

In short anyone collecting money from the general public for investment purposes needs to be licensed to do so. The purpose for which the money is collected and how it is going to be invested needs to be made clear in a document which is called a Prospectus.

[/quote]


If I may offer my interpretation.

You put your money in a trust, not solely for investment, but to ' protect' it against events/circumstances that are provided in relevant Acts.

The Act also provides/mandates that the money is to be invested as per the trust deed. That gives the company leeway how it wants to invest provided you sign the trust deed with all the relevant provisions.

agents are actively recruiting people to join
now that FD rate so low.

Just wonder what kind of investment they do,
so brave can tell people it is capital protected,(investment safeguarded by equal value asset mean the same??)

And can get NETT 7.5% first year and 8.0% 2nd year

Like that might as well go take loan put all in themselves, why need to sell..

Is like why those claim guru, if they can earn from stock market why bother to sell tips or course to ppl for example https://en.stockpick2u.com/plans-pricing

Yes i also feel the same
trustees have more leeway compared to licensed investment managers.
if their investment got cheated, and they need lawyers etc to get back your capital,
all those expenses will be billed to investor,

i hate the word Donors used in agreement
Donors and expect to make big 7-8% profit.........?

I first saw DCS when my relative shown me an ad by an agent on WeChat, RM30k per lot and 8% return per annum. While 8% return isn't impossible to achieve, it should have a considerable higher risk than traditional investment products. Also, RM30k is too much to risk, so I advised my relative to stay put and not make rash decision, better stay away from it.

Besides, their website at first glance looks like just a Wordpress template. While it looks nice, I personally don't feel safe since any Tom, Dick and Harry can create a website in a day with just the help of Youtube.

Just my 2 cents.

This post has been edited by KCY3701: Jul 18 2020, 06:55 PM

this 8% is not yet MINUS the annual administration fees of 3%?

update: for some trust...it is net of all fees...BUT, BUT this 8% MAYbe just a PROJECTED number .....thus is not guaranteed by the company as the T&C did not mention guaranteed but projected.
Thus have to really go read the T&C BEFORE you get involved with one.
an example of part of the T&C from a trust company are as per Guy3288 postings above.....read the word "PROJECTED profit share"

This post has been edited by MUM: Jul 24 2020, 12:41 AM


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I'm not sure. Didn't see any mention in the ad. Maybe its the next step gua.

6-8% return per annum? Pls ask UBB to guarantee. Projection anyone also can do. Unit trust and insurance equity funds are all projecting at 9% return. What we want is guarantee return. A lot of UBB agents out there are trying to earn quick money by misrepresenting. I have called UBB personally. They mentioned it is just their projection. I asked them to share with me their underlying investment assets ie what do they invest in to generate such high return, they cannot give me a definite answer. At least unit trust and insurance show their investment in detail in their investment report.

If they can guarantee even at 6%, the whole world will be queuing to buy from them. Don’t trust what the agents say. Ask for black and white. This is our hard earn money. Be careful. All the best

from what i knowo

first they cannot invest into equity
second cannot invest in bond
3rd which i heard only allowed to borrow to bank, as banks work with them to loan out the money.

Interbank interest rate is less than 2% per annum. Why banks want to borrow from them? Moreover banks got surplus liquidity now as banks are also very afraid of Non performing loans during bad times like now. They have plenty of money but don’t know who to lend to. Likely banks are selling the credit cards debts to UBB. With 18% interest rate charged, default rate is also very very high. Extremely risky. If it is so good, banks will take their own risk to lend their own money to the credit card borrowers.
Malaysians trust people so easily. Pls make sure our hard earn money is in safe hands. There is no free lunch in this world. Greedy people will suffer in the end. If UBB dare to guarantee even at 5% per annum, everybody will buy.
Government just launched RM500 mil Sukuk Perhitin at only 2% per annum for a duration of 2 years, it was oversold. Altogether RM666 million sold. 2% return!! This 6-8% return ha!ha! Ha! They don’t need agents to sell. Just advertise in their website. You will see long queue in from of their office.

UBB is a legit trustee company and only a handful of trustee companies were approved to operate. However, just a matter of precaution, I suggest TS to enquire directly with UBB rather than confronting agent. After satisfaction, then only sign up with the agent because agent also susah cari makan nowadays. Give the agent some commission la, they susah payah hard sell to you.

I personally seen the Trust deed by DCS Private Trust as my relative asked me to help her to go thru the deed.
DCS PT is the name of the product/consultant as mentioned by agent, it’s a product/consultant by Global Asset Trustee Berhad.
My research on ATCM: https://www.atcm.com.my/office-bearers
I saw the name of GATB.

In the deed, there is a clause something like this “to achieve at least returns of eight per centum (8%) per annum. Hereafter referred to as “the Dividend” on the subscribed sum for the benefit of the trustor as long as the Trust subsists.”

This is what I remember. The agents also told my relative the Trust deed is getting for Common Seal but not stamping.

Hope my info do help.

As per I read the Malaysia Trustee Act 1949, it mentioned

https://pictr.com/images/2020/10/22/784Itg.md.jpg

4.1.b will likely refer to Malaysian Government Securities e.g. bonds issued by government.

So they're investing primarily into MGS and MGII.

How does MGS have a return of 7% after fees

I also curious over there too!

The 7% after fees is info from "current participants".
The official document mentioned projected return, n the mention of annual mgmt fees.
If their official returns track records are as good as posted by the "current participant".... Why don't they published that in the news as a marketing tools?
Instead of the public has to know of it thru the unofficial channel?

It also allows them to invest in properties. I too am interested to know what other investments they can make to generate such healthy returns.

Do they publish semi-annual or annual report like the fund houses?

Not that I know, but they could circulate to only those who subscribe to the scheme.

Yes, the lack of information is very disturbing. You would have thought with those returns, that they would market it more and people would be lining up to invest

Agent mentioned and advise, "Please do not treat it investment and also ROI, it's an inheritance fees, it's estate planning."

The agent does mentioned that Global Asset Trustee Berhad mainly investing in property. They will purchase under market value property which around 300k and resell. I researched on DCS PT, they have a subsidiary property company which runs the buy and sell and they do have a bunch of youngster who well prepared to purchase the property which around 300k whereby they only afford as they are the low-range youngster who just get into the society.
That's what i heard from agent.

This one I could help to answer. My relative actually did the research on their annual financial report. It's negative.
But as well as he research on other Trustee Company such as R*B Trustee, M**Ban* Trustee and also U*B Trustee, all shows negative also.

Agent does tell us that Trustee does know how to avoid tax, that why it'll always show negative.
Same as the client could avoid tax by doing Estate Planning.

what is there for estate planning or inheritance planning when the UBB Crisis trust tenure is 2 yrs while UBB Cash Trust stated the tenure is only 3 yrs....?

This post has been edited by MUM: Oct 24 2020, 05:37 PM


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i think it different product
ubb cash trust and ubb crisis trust

if i am not mistaken,...i think since from post 1, we are discussing about either of 2 products, where the "current participants" mentioned that they got 6~8%% pa NETT of fees....

they even posted in this thread....
Ubb Trustfund covid19 6.5%
https://forum.lowyat.net/topic/4955758/+40

anyway, jw_,...are you talking about these product?

Conceptually, a trust company’s first priority is the management of the trust. By comparison, a unit trust company's priority is achieving the best return for your portfolio.

If you’re out to grow your wealth, unit trust or other investment based company may be best suited for it.

If you’re looking to set up future generations and maintain the wealth you already have, a trust company may be a good fit.

This post has been edited by Cyclopes: Oct 24 2020, 06:56 PM

I agree to this post.

In my opinion, if there is an investment scheme involved, we investors are entitled to know the investment portfolio as least where our cash is going to.. Such as a proper unit trust management company providing us prospectus or also fund reports for us to review/ refer..

A trust company could not actually publish all these information officially seems a bit sketchy to me as to the legality of the whole process.. I believe they would not post any of the return/dividend rates at their main web page as they are not an actual fund management company, without a proper license to run an investment scheme. Ubb main web page never seem to mentioned any investment plan clearly, only the requirements to enter the cash trust scheme. So in the end, is it right to take the trust money and invest privately and promising a projected return at the background?

was approached by an agent as well. Told them off straight because i think 8% per annum is quite low and you're talking about the money is stuck there for 3 years.

my friend who's a fund manager offer me 6 months close to 10%

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.

Glad to hear that. Now UBB is offer projected return 7% ~ 9%, for limited period.

This post has been edited by wkkor: Jun 1 2021, 04:33 PM

Sounds dodgy, btw 7% return and 7% distribution is different. I think there is some misunderstanding.

If the 7% is coming from the fund to you then actually is your own money. 7% return means you invested 100 and it becomes 107 at the end of the year is 7% return.

This trust sounds like invest 100, and I get 7 the year but my value in the trust becomes 93

Is anyone able to confirm this? Thank you.

I have signed up in 2020 and your Q has me relooked at my Trust Deed. and there is no "distribution" pertaining to the investment part. It was worded as "projected profit share".

another clause wrote deed dissolution is upon full disbursement of Trust Capital in accordance with the T&C. So I guess Capital is unaffected.

so I think it is Legit la cos I have gotten the % of profit already last month

This post has been edited by kok_pun: Aug 16 2021, 12:55 PM

I have friends who have invested in these sort of Trusts for a few years already. They say they've been getting their projected returns as well.

If I had one question, I wonder how these Trusts are able to maintain such distributions/payouts given the current economic climate.

yar lor,...some trusts has subscription fees and some has stated annual fees too....(all in must generate abt 10% pa)

This post has been edited by MUM: Aug 16 2021, 10:34 PM

My guess is lending.

Exactly. In some sense, if it were as risk free as it sounds, I might as well take a loan and put it here but I also must admit my knowledge on the matter is extremely limited. Could be entirely wrong.

When you signed up for it, isn't there a prospectus? Or at least some sort of detail on how they generate their returns etc?

If they are involved in lending, I would assume that their clients could be those that are unable to obtain loans from your normal banks. Having said that, there is a high likelihood that borrowers may be even worse off in the current climate.

This post has been edited by Buyalotforgaming: Aug 17 2021, 11:45 PM

No wor. But I understand la. Since they are not governed by SC and I was told it’s conflict of interest if they market it as an investment tool

But it got something like “fixed income securities, bond etc” in the trust deed