Structured settlements

WHILE financial institutions (FIs) ought to focus on the vulnerable group of retiree investors who sank money into Lehman-linked products, they should also look at less clear-cut cases, said Mr Goh Chok Tong yesterday.

The Senior Minister said these cases might involve heavily invested professionals or people who have invested only a part and not their entire savings.

'For other, less clear-cut cases, the financial institutions may also want to think of ways to retain their customers' trust and confidence,' he said at a grassroots event.

'Such gestures will go a long way to maintaining customer loyalty, and pay off in the long term.'

He noted how some 10,000 Singaporeans had invested over $500million in structured products linked to the collapsed US investment bank Lehman Brothers. read moreSource:http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_292307.html