QUOTE(MUM @ Aug 3 2023, 03:31 PM)
There were some action made by the parliament about the then "trust funds" products.
Refer to Page 11, post 219 by forummer aeiou228.
i saw the issue is raised, but i dont see anyone objecting it. Because this industry seem to have many unqualified/unregulated agent it seem it is the cause that makes trust company with bad name.
QUOTE(Wedchar2912 @ Aug 3 2023, 03:41 PM)
a scheme, legal or not, can continue for a long time. Those who didn't get impacted really have no reason to sabo own investment right?
What's unique about UBB's offering is that traditionally cash trust is used for estate planning, not really for investment. This is impressive work by UBB really.
yea it is estate planning, but typical malaysian dont know what is estate planning some layman even think is is estate agent (sell house). i guess the agent promote it in Fixed Deposit/investment style to approach customer for them to understand the concept of estate planning. but the question is are the red flag really a red flag? cause people that subscribe to cash trust so far have no issue. market have many trust company other than ubb, i dont see other trust company have issue as well. so far everyone seem to get back their promise on trust deed.
sorry guys to ask so much, my dad want to invest in their product but ask me to do research, when i search online i found these so seeking some help around here.