Insurance originated as a tool for risk transfer. It works on the concept of risk pooling where a group of people with a common risk put in a little sum of money together and should there be a financial loss due to that risk, the money that is pooled together will be used to compensate… Read More
In my near 20 years in the financial advisory business, one of the most common complains by policy holders is that they were cheated by the insurance companies. It could be in the chance when a claim was submitted and being rejected or the insurance company did not pay the maturity amount as promised. In… Read More
An old article from 2007 that was printed in the financial magazine “SmartInvestor”. While the content is old, it is still very relevant.
The Supplementary Retirement Scheme (SRS) was established on 1st April 2001, to complement our Central Provident Fund (CPF) savings. While our CPF savings are often used for housing, education and medical payments, SRS is a tax-incentivised, voluntary form of savings strictly meant for retirement. SRS is open to all Singaporeans, Singapore Permanent Residents (SPRs) and… Read More
The outlook for mortgage rates is that the rates are expected to go up. It is a known fact the mortgage rates have a significant impact on the cost of buying a home. When the rates increase, your monthly payments go up. A 5 basis point change in the rates can be significant in the long… Read More