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Jan 3, 2008

Can LIA chief help identify 'superior returns' products offered by member insurance companies?

IT WAS reported in the article, 'Insurance industry to be hit by new CPF rules' (ST, Nov 7), that the president of the Life Insurance Associate, Mr Mark O'Dell, had postulated 'that investment-linked products provide opportunities for superior returns, compared to the rates offered under the CPFIS'.

With effect from Jan 1, I will earn interest at 5 per cent on my Medisave and Retirement accounts capped at $60,000, as a retiree.

I would like to achieve higher returns than the interest rate offered by the CPF Board and would appreciate it if Mr O'Dell could identify these products offered by the association's member insurance companies for the benefit of retirees like me as well as other CPF members.

Chin Kee Thou