this is really fresh from the oven because we have just received an urgent email notification from ntuc-income (at approx 6pm):

Dear Valued Partners,

Over the last few years, interest rates have declined significantly. 12 months fixed deposit rates are now hovering around 0.4% p.a. compared to 0.9% p.a. 5 years ago. Similarly, 5-year Singapore government bond yields have declined from 3.2% p.a. 5 years ago to 0.9% p.a. today. As a result, it is becoming increasingly challenging to design and price this type of single premium savings plan, such as our Growth Plan. As you know, many of our fellow competitors areno longer selling such plans.

We will be _replacing_ thecurrent version of *Growth Plan (GRL3)*with a new revised version. Details of the new version of Growth Plan to replace the current version will be made in a separate announcement. The …