Great Eastern Full refund on Credit Linked Products..

[Goh Meng Seng]

Great Eastern has announced the full refund of 5 series of its GLC insurance-investment products which are all linked to CDOs.

It is a great step taken up by a LOCAL financial institutes while our banks, especially DBS which has promised to pay Hong Kong Minibond investors 60% tgo 70%, are still dragging their feet in taking responsible steps in addressing the minibond issue.

Goh Meng Seng

 

[Seee3]

Are CPF funds involved. If yes then GE is probably just being forced to cough out the money. Don't believe any local company is that Great!

 

[besotted]

OCBC management got standard

That's why GE does the right thing

By the way, GE requires the agents to pay back commission on the products they sold