This what the agent said.. what do you guys think ? legit or not ?

I didn't get a straight answer.

anyways after my due diligence i have decided to not pursue this. I have talked to a few financial advisers who share the same sentiment as alot of you bros here

Thank you for sharing . Please dont pursue this based on my posting.

I need to take down this ss as the agent is someone i know personally and dont want to conflict .

I bought the cash trust 2 years ago and already had my return 7% for both years. This year they are giving 6% according to my agent as the worldwide economy had fallen. I would say pretty good compared with the FD interest rate at 1.5-1.8%

The annual fee can ignore as the return they give you is already net of all fees.

So far the trust deed there already mentioned a minimum 6-8% return. I feel its pretty safe la. I had bought another education trust from them as well and renewed mine, also around 7% return annually.

If anyone interested to know more, can PM me. I can recommend my service agent as he is pretty good.

Yeah , it is governed by trust act which are under Bank negara malaysia . Inside the trust deed there got mention about what kind of things or fund they can invest in which are needed to approve by MOF or BNM.

annual fee if not wrong is 3.5% , but my agent tell you can ignore that as the return you get is net of all fees meaning the 6-8% return they write inside the trust deed is already minus of the management fee or annual fee they call it.

for the cash trust is 36 months which is 3 years. Going matured in October next month, which I intend to renew cause now the FD so low, can just treat this trust fund as an FD.

My previous one education trust also from same agent and UBB already matured and got all my 3 years return and capital. But after that I put in again cause the dissapointing FD rate. Should have just renew then can save some admin cost and stamp duty fee haha.

why do you answer coronaV with that below post?
CoronaV asked about PIDM,...NOT about how to be NOT eaten by inflation....
btw, why 250k and not more?
max 250k in FD will not be stupid and ppl will not lose their money through inflation and make banks and insurance richer?

are ALL those that study economics and finance, always think that those that placed money in bank's FD are stupid?

If it is written under the trust deed agreement then it is true. As its governed by the trust act 1949.

The deed mentioned it need to be invest on authorised investment and fund which give safeguard of the capital and comes with projected return of the percentage. Hence its very much safe that their investment need to give you 2 thing safeguard of your capital and return of the percentage as mentioned.

In my personal opinion la, if need to mentioned guarantee then might as well bank no need to do FD already. At the end of the day, it is still an investment. At least this is safe guarded capital and mentioned investment that which must give a projected return on the percentage mentioned and so far it did hold up to its promises.

The original trust deed is in my safebox though , this is what I could share base on my own personal experience, cashing out once and the current one with 2 years 7% return in my pocket already. If I am right , it is the same as one of the forumer share here already on the picture he snapped. 

The annual management fee is 3.5% per annum , but then it is net of all fees for the annual return we get. So , you shoudnt worried on the management fees though.

I would say the downside of this trust fund is that it lock you up for 2-3 years and the penalty if cashing out early which is 10-8% charges.

It you refer back to the post https://forum.lowyat.net/topic/4801818/+20 shared by T231H, there is mentioned investment licensed by central bank malaysia and equity in licensed company under the governing act or property investment. So maybe they invested in top glove and achieve a record booming return?  or property market in the past few years? I only know the return I get only bro, and they had been here for the past 30 years , so If any scam or hanky panky stuff should be long flagged BNM concern already, as they giving the trust license?

So I dunno whats your concern la bro haha. Consistenly kenanga or any fund house can generated 10% per annum actually if you notice but thats on the higher risk of investment side. I am not fund manager or what so I just leave it to the professional to do though.

Seriously bro, I dunno man. As long as I had my returns. Which I already fully matured once and get back my money and current one with 2 time interest return payout already.

At the end of the day, this company had been around 30 years + with trust license issued by BNM.

If you suspicious maybe can go write in to BNM to clarify or investigate them. I just sharing my own experience with them only. I think there is another forumer had good experience with them as well.

Maybe those interested can directly call up my service consultant and ask? Or UBB themselves haha.

Haha, Ok this company had returned back my funds, I place in cash trust on 2017,

I recently renewed another term with them, but for this time the return is only 5-7% (last time was 6-8%)

I think since im not using the monies anytime soon, i just renew and see for another term how their performance,

on my side, i find this trust account is legit la.

only i dont know why people never heard about this company, i also know from the agent that sells me my insurance.

Satisfied customer <3

Regarding this I can shed some insight as i also quite 38. I had went and speak with one of the management and it is against the rule of BNM to publish the rate and historical return in website or publically. They did show me under the trustee act 1949, it is forbidden to do so. As they are not investment link scheme or unit trust which are categories as financial product.

It is different kind of thing under Trust service.

So I hope this can clear your doubt.