An alliance has come out in force to lobby MAS against going towards a fee-only model. They are arguing that such a move will affect the livelihood of financial advisers. It has been interesting to observe the response of the entire industry to FAIR. Many viewpoints have been exchanged and while everyone is trying to […]
Being the first to bring innovation can sometimes have it’s pitfalls. UOB was the first bank to offer a housing loan of up to 50-years tenure last month. They also offered on the spot approval for loan application made at showflats. Shortly after the “instant loan approval” scheme was reported in the newspaper, MAS moved […]
How can you avoid crowded trains and be paid for it? Working with Singapore’s Land Transport Authority, researchers from Stanford University and the National University of Singapore launched INSINC in 2012 to study the effects of incentives and social interaction on public transit commuting. Insinc encourages participants to shift their commute schedules on the Singapore […]
Yesterday, the MoneySENSE Financial Education Steering Committee and Singapore Polytechnic (SP) launched the Institute for Financial Literacy (IFLS). The Institute aims to build core financial capabilities across a broad spectrum of the Singapore population. As the IFLS is a full-time dedicated effort in financial education, it will be able to deliver financial education to the public […]
Yesterday, I received my Singapore Power utilities bills. For this month’s bill, there was a small deduction due to the U-Save GST voucher, which was a voucher meant to help offset some of the effects of GST. Prior to receiving this “rebate”, every individual family member in my household (along with all the other eligiible […]