Financially Savvy

CPF top-ups increase 34% in first three quarters of 2020 - THE EDGE SINGAPORE

Financially Savvy

CPF top-ups increase 34% in first three quarters of 2020

In the first three quarters of 2020, the Central Provident Fund (CPF) saw over 198,000 top-ups amounting to $1.81 billion made by CPF members under the Retirement Sum Topping-Up scheme, a 34% and 2

Financially Savvy

Beyond IFRS 17: What’s next?

To meet the reporting requirements of IFRS 17, insurers have invested significant budget, resources and time.

Financially Savvy

CPF members under the Dependants' Protection Scheme to enjoy higher sum assured, increased coverage

Central Provident Fund (CPF) members under the Dependants’ Protection Scheme (DPS) will enjoy a higher sum assured of $70,000 at more attractive premiums from April 1, 2021.

Financially Savvy

Hidden risks of transitioning out of Libor; NIMs could come under pressure

The London Interbank Offered Rate (Libor) is being phased out and banks need to transition to alternative standards by the end of 2021.

Financially Savvy

The mechanics of moving from Sor to Sora

Interest rates in Singapore are determined by global developments given its exchange rate centred monetary policy framework.

CPF maintains 4% interest rate till Dec 2021 - THE EDGE SINGAPORE

Financially Savvy

CPF maintains 4% interest rate till Dec 2021

The Central Provident Fund (CPF) Board will be maintaining its 4% interest rate per annum for Special, MediSave, and Retirement accounts till Dec 31, 2021.

Financially Savvy

Local SPAC promoters distance themselves from Nikola Corp after fraud claims surface

Special purpose acquisition companies (SPAC) just cannot get a break for now.

Financially Savvy

Variable Capital Companies: The right structure at the right place, right time

Picture this: A tropical island where its citizens have one of the highest stand-ards of living and also one of the highest per capita GDPs globally; is politically stable, has the highest sovereig

Financially Savvy

Fullerton's Chan worries for your retirement as Singapore's population ages

As part of his ongoing efforts to drive home the importance of being prepared financially for retirement, veteran fund manager Vincent Chan has no lack of advice for the young.

Financially Savvy

VCC could raise Singapore's profile as fund management hub

SINGAPORE (July 17): Singapore’s position as a fund management and wealth management centre was further enhanced this year with the launch of the variable capital company (VCC) structure by the Mon

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