Over 100 complained to CPF Board against NTUC Income

[Altivo]

Wah. What happened to NTUC Income?

 

 

More than 100 financial consultants have filed a joint complaint to the CPF Board against their employer NTUC Income. NTUC Income has allegedly over-deducted from their income to pay into their CPF over many years. These over-deductions were not submitted to CPF Board but kept by NTUC Income which has not returned the bulk of these over-deductions to the financial consultants. This practice went on for many years in NTUC Income, according to the financial consultants TR Emeritus (TRE) spoke to.

 

A letter from CPF Board (shown to TRE by the financial consultants) acknowledges that a complaint was formally lodged with CPF Board on 14 September 2012 [Link]. Over 100 signatures accompanied the complaint.

 

In their collective letter to CPF Board, the financial consultants said that they had been chasing their union representatives to

[Toothiewabbit]

People's union wor...camping here for more news

[Vid]

Sep 2012 1 yr already

[Djim]

I wondered if MR Tan the president hopeful is also involved

[Wt_know]

speechless ....

 

  Quote

In March 2013, NTUC Income was actually fined about $3 million by IRAS for under-declaring the income of its financial consultants for two decades (‘NTUC Income pays $3m in fines, back-taxes’):

Edited September 9, 2013 by Wt_know

[Rncw]

this means....more dirt will be dug up????? popcorn...kopi c gao...standby for more saga unfolding.....

[Donut]

  On 9/9/2013 at 5:21 AM, Wt_know said:

speechless ....

 

In March 2013, NTUC Income was actually fined about $3 million by IRAS for under-declaring the income of its financial consultants for two decades (

[Ender]

This case is epic. Somemore from NTUC.

[PSP415]

20 years! Gosh, something so straight forward can be so difficult to resolve? Obviously the amount involved is very very huge...... but if really proven what's not yours, please return. It's basic integrity and right thing to do.

 

This is not good..... hopefully everything can be resolved correctly and very soon.

 

 

safe ride

cheers

[Mustank]

whoa!!! poh mata!!!

[Ahtong]

You guys talking about this NTUC Income?

 

 

 

[Jman888]

  On 9/9/2013 at 7:13 AM, Ahtong said:

You guys talking about this NTUC Income?

 

 

 

as usual, their ads no taste one [thumbsdown]

[Chrispie]

"NTUC Income has allegedly over-deducted from their income to pay into their CPF over many years. These over-deductions were not submitted to CPF Board but kept by NTUC Income which has not returned the bulk of these over-deductions to the financial consultants."

 

!!!

 

like that .. legal meh? Can i collect 10% GST but I submit 7?

[Knoobie]

another scandal coming to light!!

[Myxilplix]

Wah, recomputed commissions for past two years as GESTURE OF GOODWILL siol! So magnanimous! The will very goot!

 

Never mention the other 18 years.....

[Mustank]

  On 9/9/2013 at 8:54 AM, Myxilplix said:

Wah, recomputed commissions for past two years as GESTURE OF GOODWILL siol! So magnanimous! The will very goot!

 

Never mention the other 18 years.....

 

aiyah just poh mata lah

when mata come and catch

everybody will start doing

[Vid]

  On 9/9/2013 at 8:54 AM, Myxilplix said:

Wah, recomputed commissions for past two years as GESTURE OF GOODWILL siol! So magnanimous! The will very goot!

 

Never mention the other 18 years.....

 

The 18 years swept under carpet already

[Evillusion]

  On 9/9/2013 at 9:09 AM, Vid said:

The 18 years swept under carpet already

Thats one hell of a big carpet! I neber liked NTUC and neber joined them....just the insurace thingy...maybe need to look elsewhere liao! Even hate the idea of going ntuc fairprice.....cb use our money to expand business..but give back so little. I rather shop up north!