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Full Version: Ex Income CEO who build INCOME to billion$ company discuss Allianz deal
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Oh no here comes seow lan again..🤣
Why he stop selling FC..😆
Abstract from his speech-

1. NTUC Income is Coop will pass the surplus to the Govt.
( Can Co- op be allowed to transfer the surplus to the Govt ? )

2. NTUC needed more Capital years back and amount was injected at par value (base value).
Shareholders lose out over the past 30 or 40 years

3. More 1 Million policy holders already more than $40 Billion savings
What will Allianze do with guaranteed $8 Billion owing to policy holders