News

The MoneySENSE website will not be available from 4am to 10am (Singapore time) on 14 Apr 2013. Please contact webmaster@mas.gov.sg or MAS Helpdesk at 62299688/1800-2258247 if you need assistance. We apologise for the inconvenience.

Have you heard of Traded Endowment Policies (TEP)/Traded Life Policies (TLP)? They are sometimes known as “second-hand” policies. TEPs/TLPs are fairly complex assets with a different set of risks for policy-holders and investors. Read on to learn how TEPs/TLPs work.

The new MoneySENSE website was launched in June 2012 to provide you with basic information about money management and financial matters. As part of our ongoing efforts to improve the website and serve you better, we would like to hear your views and experiences thus far. Do participate in this survey to share your views with us now!

Tempted to join a scheme or seminar that offers exceptionally attractive returns over a short period? But have you wondered how some of these schemes or seminars work and what are the risks involved? Before deciding whether to jump in, be careful and ask two key questions - “how are the returns generated and what are the risks ? ” and “are the products or schemes regulated?

Some of us are quick to purchase financial products without seeking more information from our financial adviser. Read this article for the five key questions you should be asking your bank or insurer representative before purchasing a product. It pays to understand what you are really investing.

Have you heard of gold buy-back schemes? How much do you really know about them? Before you dive in, find out about gold buy-back schemes as well as other ways to buy gold. Make sure you understand the risks associated with such schemes. 

The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy has just been launched. The Institute will offer free talks and workshops to help consumers develop capabilities to make financial decisions that directly affect them and their families.

Do you want to enjoy merchant promotions offered by credit cards without having to make purchases on credit? If so, debit cards would appeal to you. But beware of attached risks. Find out how debit cards work, what the risks are, and what you can do to reduce the risks.

Our website has undergone a revamp to better serve your needs. We had earlier asked you for feedback on what you would like to see on the new website. Thank you for your useful comments and suggestions for improvement. We hope you will enjoy exploring the new website and find the information useful and relevant to your everyday life.

The Mind Your Money TV talk show series was aired on Channel NewsAsia and Channel 5 last year. Viewers took away key messages on basic money management, financial planning and investment-know. If you have missed the show, here is a chance for you to catch all 8 episodes!