Should I consider the retirement plans that Banks have?

If you can stand the paltry returns given by such products offered by banks and insurers, well, have a look and consider them. But I'll implore you to reconsider. There's high distribution costs involved. And it'll take a lot of money put into such products to achieve your retirement goals. Like you, I started investing in my 30s. I paid to attend various investment and trading workshops and settled on one eventually. This will supercharge my portfolio to achieve the type of returns I want to allow me to quit my day job and manage it full time within a handful of years. If you are not savvy, find a way to build your knowledge and your confidence in stocks and related products and go from there. Find your own red pill and find your rabbit hole. All the best

I would advise you to stick to POSB invest saver. Channel the funds into invest saver which you would have otherwise spent on retirement plans