Read about Patrick's comments on a recently published article in the Straits Times on Prudential irregular payment for the annuity plan.
By: Patrick Lim
A tale of 2 annuities - Part 1
Problem of annuity paid on irregular dates
I refer to the CPF life annuity, a new scheme that provides a lifelong income for the elderly in their retirement.
As retirees, my wife and i have been happy to receive our individual lifelong monthly annuity since 2005.
We felt our decision in 2000 to use our CPF money to buy our annuities under the CPF minimum sum scheme from two different insurance companies was correct.
A tale of 2 annuities - Part 2
On February 25, 2008, the Straits Times published Paul Walter Wong Thiam Chwee's letter on his feedback to prudential on the problem of his annuity paid on irregular dates.
Today, Prudential has responded and the reply as published in today's forum page of the straits times: