#554 ft. Tan Kin Lian - Income-Allianz Deal: Is NTUC Income’s Social Mission Still Relevant?

Aug 5, 2024

Ask episode

Chapters

Transcript

Episode notes

With the recent spotlight on the Income-Allianz deal, we wanted to get a better understanding of Income’s original social mission and why people are feeling anxious about the deal. So we got former NTUC Income CEO Tan Kin Lian himself to come by the YLB studio to give us a “NTUC Income 101” lesson based on his 30 years of experience leading the cooperative. We go into the nuts and bolts about why policyholders need more assurance, whether NTUC Income’s original social mission is still relevant, and how Tan thinks this saga will play out.

Nominate a Senior over 60 for Folklory!

We’ll be recording 60 Folklories with 60 Singaporeans above 60 yrs
So if you know someone with stories & lessons to share, send us their details!
This will be part of our “Words of Wisdom” Project as part of SG60
Nominate someone by clicking here, and we’ll be in touch!

Our New Podcast, TELL YOU FIRST

Check out our new edutainment podcast that dives into a fascinating array of topics you never knew you needed to know! This week, we talk about the wacky world of wedding gatecrashing in Singapore!
Listen on melisten
Listen on Spotify
Listen on Apple

(00:00) Words of Wisdom
(00:42) Intro
(05:30) Business vs. Co-operative
(17:43) What Tan Thinks Is the Reason NTUC Income Corporatized
(20:20) Is It Still Realistic For Businesses to Have Social Missions?
(26:27) Can NTUC Enterprise Still Be Considered A Social Enterprise?
(36:46) Is The Sale Really Income's Only Way Of Survival?
(44:27) Is There Still Any Due Diligence That Can Be Done?
(50:07) Are There Any Safeguards to Protect Policy-holders?
(55:34) Current & Prospective Income Policy-holders: What Should You Do?
(01:00:37) One Shiok Thing

Find us here!

Reference Links

Find Tan Kin Lian

One Shiok Thing

Mics and Headphones from @shure

Chairs from @ergotunechair

Edited and mixed by Tristen Yeak