I just went attend for the talk yesterday.
I have deposited some amount and gonna see how can they generate the income for me. In other words, "test water".
According to them, its backed by SSM and the profit will be generated on weekly basis.
They have a guaranteed fixed investment return, but i did not take up that investment.

I believes,
Whatever the scheme it is, they are not backed by SSM.
SSM does not back any scheme.

Is it,
Something like the previous "Cash trust funds" that got into the limelight ... last year.

I got this from the net, ....
Reported to be from the trust company...

It did mention " investment to be safeguarded with asset of equal value and accumulatively, ....."

I think that was a contract of agreement or something like that between the company and the person putting in the money.