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It comes as no surprise as Singapore’s Central Bank eased monetary policy for the first time in 3 years.Rather than mana...
14/10/2019

It comes as no surprise as Singapore’s Central Bank eased monetary policy for the first time in 3 years.

Rather than managing monetary policy through interest rates as other Central Banks do, MAS does it via exchange rate settings.

What this means is MAS will allow the Singapore Dollar to fluctuate against the currencies of other countries within an undisclosed policy band.

SINGAPORE — Singapore's central bank eased monetary policy for the first time in three years on Monday (Oct 14), as widely expected, as the city-state's bellwether economy narrowly dodged recession.

Singapore is the world’s most competitive economy for 2019, helped partly by trade diversions.Did you also know a newbor...
09/10/2019

Singapore is the world’s most competitive economy for 2019, helped partly by trade diversions.

Did you also know a newborn in US has a lower healthy life expectancy than in China now?

GENEVA: Singapore overtook the United States to become the world's most competitive economy in 2019, according to the World Economic's Forum (WEF) ...

Many Singaporeans are concerned the payout duration for our Retirement Sum Scheme is too long. It stretches till age 95....
08/10/2019

Many Singaporeans are concerned the payout duration for our Retirement Sum Scheme is too long. It stretches till age 95.

Do you know there are similar annuity plans out there, where one has the flexibility to choose their desired retirement age and the payout duration too?

While we await the results of the CPF study, do take a closer look at some other alternatives. Afterall, everyone longs for a comfortable retirement.

Do reach out to us if you would like to find more on how to secure your golden years!

SINGAPORE — The Ministry of Manpower (MOM) and the Central Provident Fund (CPF) Board are reviewing the Retirement Sum Scheme (RSS) payout rules for senior Singaporeans, after receiving some feedback that the current payout duration up to the age of 95 is “too long”.

Both exchanges, and to an extent cities of London and Hong Kong face an increasing uncertain future.Can exchanges contin...
08/10/2019

Both exchanges, and to an extent cities of London and Hong Kong face an increasing uncertain future.

Can exchanges continue to remain relevant?

TAIPEI — Hong Kong’s stock exchange will no longer proceed with its nearly US$37 billion (S$51 billion) offer to buy its London competitor, it announced on Tuesday (Oct 8) morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets.

Delay in diagnosis and treatment often leads to more severe diseases.Refrain from delaying check ups if possible. Get ad...
06/10/2019

Delay in diagnosis and treatment often leads to more severe diseases.

Refrain from delaying check ups if possible. Get advice from your medical practitioners and trusted advisors soonest.

Sometimes, it isn’t ‘all in the head’

SINGAPORE — When 29-year-old Steffy Lim uncovered the cause of her debilitating menstrual pain last October, her first reaction was one of relief accompanied by a weak smile. Then, tears welled up.

For the first time since 2012, total AUM of the top 20 pension funds has tumbled 1.6% year on year to US$7.3 trillion.Wi...
02/09/2019

For the first time since 2012, total AUM of the top 20 pension funds has tumbled 1.6% year on year to US$7.3 trillion.

With the volatile market conditions fuelled by continuous trade war and slowdown in global growth, the figures certainly comes as no surprise.

On the brighter side, our very own CPF has bucked this trend, with total assets growing 6.6% year on year.

Perhaps Singaporeans can expect our CPF OA and SA interest rate to maintain at 2.5% and 4% respectively!

SINGAPORE - Singapore's Central Provident Fund (CPF) bucked the overall global decline in assets under management (AUM), with its total assets growing 6.6 per cent to ...

Top five critical illnesses in Singapore:- Coronary Artery Bypass Surgery- End-Stage Liver Failure- Major Cancer- Heart ...
30/08/2019

Top five critical illnesses in Singapore:
- Coronary Artery Bypass Surgery
- End-Stage Liver Failure
- Major Cancer
- Heart Attack
- Stroke

Based on LIA study, Singaporeans have a critical illness gap of 80%

The average employed person here only has a meagre $60,000 of critical illness coverage, but would need 4-5 times that amount.

Why are Singaporeans not getting themselves adequately covered?

People buying life insurance polices from Aug 26 next year will notice changes to the definitions of critical illnesses. Policyholders with existing critical illness policies are not impacted by the new definitions.. Read more at straitstimes.com.

Do you know our median Singaporean household income is $9,293?Many households would be paying $524 and $280 per month fo...
28/08/2019

Do you know our median Singaporean household income is $9,293?

Many households would be paying $524 and $280 per month for full day infant care and childcare services respectively.

Cost of raising children in Singapore is about $340,000. This figure is expected to gradually shoot up due to rising tuition and university cost.

Are we saving enough? Can our rate of savings keep up with rising education inflation?

Parents: Here's how much you might have to pay for childcare, kindergarten or infant care when subsidies kick in from next year. 🖍🎒👶

Upon reaching retirement age, Singaporeans will receive only about $790 a month from CPF Life. This is less than 60% of ...
28/08/2019

Upon reaching retirement age, Singaporeans will receive only about $790 a month from CPF Life. This is less than 60% of the monthly income needed to meet basic standards of living.

After working all our lives, do we want to have just basic standards of living during our golden years?

How are we able to plugged this retirement income gap?

SINGAPORE — A Singaporean senior citizen aged 65 and above and living alone needs about S$1,379 a month to meet basic standards of living.

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