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(I) MAS' Policies Explained
(II) Product Guides
(III) Other Publications
(I) MAS' Policies Explained
This Guide will show you some of the features of structured deposits, the risks involved and what consumers should look out for when investing in such products. If you are interested in the actual Guidelines on Structured Deposits, you can access it here (PDF, 41.3KB).
The Financial Advisers Act (FAA) regulates companies and individuals who advise consumers on investment products. This Guide explains how the FAA can help to protect your interests as a consumer and gives practical tips on what you should look out for when you are dealing with a financial adviser.
Download the guide (English (PDF, 1.62MB), Chinese (PDF, 7.25MB), Malay (PDF, 5.99MB), Tamil (PDF, 15.6MB)) in pdf.
This Guide will show you what you can do and who you can turn to for help if you have a problem with a financial product that you have bought or the service standards of a financial institution. It also explains when you should report a matter to the Monetary Authority of Singapore (MAS). You can get more information on this topic in the section on Dispute Resolution in this Portal.
Click here to go to Dispute Resolution. Download the guide (English (PDF, 10.8MB), Chinese (PDF, 4.30MB), Malay (PDF, 3.33MB), Tamil (PDF, 10.4MB)) in pdf.
(II) Product Guides
(II) Product Guides
- General Insurance Association of Singapore (GIA)
GIA is the industry representative body of all non-life insurance companies transacting business in Singapore. Produced by GIA, "Your Guide to Fire Insurance for Residential Property" explains important issues like why we need fire insurance, what property can be insured and how much should one insure for.
GIA is the industry representative body of all non-life insurance companies transacting business in Singapore. Produced by GIA, "Insuring Your Motor Vehicle" explains the different types of motor insurance products that are available to consumers; and gives practical tips on what a consumer should look out for when buying a motor insurance policy.
GIA is the industry representative body of all non-life insurance companies transacting business in Singapore. Produced by GIA, "What To Do After A Motor Accident" provides practical tips on what a consumer should do after a motor accident and how to lodge a motor insurance claim.
- Life Insurance Association of Singapore (LIA)
LIA is an industry association comprising direct insurers and reinsurers who are licensed by the MAS to transact life insurance or life reinsurance business in Singapore. Produced by LIA, "Your Guide to Life Insurance" explains the concept of life insurance and outlines the distribution channels and products that are available. It also provides information on the product summary and the benefit illustration.
The Life Insurance Association of Singapore (LIA) and the Consumers Association of Singapore (CASE) have launched a new consumer guide "Your Guide to Investment-Linked Insurance Plans (ILPs)" under the MoneySENSE initiative. The guide explains the benefits and risks of purchasing ILPs and provides practical tips on the key factors to consider before purchasing the product.
- Life Insurance Association, Singapore (LIA) and the General Insurance Association of Singapore (GIA)
The Life Insurance Association, Singapore (LIA) and the General Insurance Association of Singapore (GIA) have launched a new consumer guide, "Your Guide To Health Insurance". An initiative of the MoneySENSE national financial education programme, the Guide provides a general introduction to the concept of health insurance; explains the different types of health insurance products that are available to consumers; and gives practical tips on what a consumer should look out for when buying a health insurance product.
- Investment Management Association of Singapore (IMAS)
IMAS is a representative body of major investment management firms in Singapore. This Guide helps you understand what unit trusts are and what you should consider before investing in them. It highlights the benefits and risks of investing in unit trusts, what you should look out for in the prospectus and other important information you should know to make sense of your unit trust investment.
IMAS is a representative body of major investment management firms in Singapore. This Guide provides a general introduction to the concept of personal investment. It touches on topics such as understanding risk and return, diversification, asset allocation and different asset classes such as cash, shares, bonds and unit trusts.
- The Association of Banks in Singapore (ABS)
ABS is an industry association comprising local and foreign banks who are licensed by MAS to carry out banking business in Singapore. Produced by ABS, this Guide explains the terms and conditions for financing your car, how interest is computed on your car loan as well as implications of early repayment. The guide lists some questions you should ask your bank before taking up a car loan.
Produced by ABS, this simple guide lists down important questions that you should ask yourself and the bank/credit card company before taking up a credit card.
(III) Other Publications
"Key Questions To Ask The Person Recommending An Investment Product To You"
This guide highlight key questions that you should ask your Financial Adviser representative when considering whether to buy investment products such as structured deposits, unit trusts, investment-linked insurance and life insurance policies.
"Key Questions To Ask Yourself Before Buying An Investment Product To You"
This guide highlights key questions that you should consider before committing to any investment product such as structured deposits, unit trusts, investment linked insurance and life insurance policies.
The Association of Banks in Singapore (ABS) and the eight major retail banks - ABN AMRO, Citibank, DBS Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank - have come together to produce a comic book, "Are You A MoneySENSible Family". The comic book takes a light-hearted look at some of the common money management problems faced by families in Singapore and provides practical tips for families in managing these problems.
The Insurance and Financial Practitioners Association of Singapore (IFPAS) and the Life Insurance Association, Singapore (LIA) have jointly launched the above financial planning guide, "The MoneySENSE Guide To Planning For Your Family's Financial Future". The guide provides practical tips on how families can draw up their budget and develop financial plans to take care of their needs and is aimed at making financial planning more relevant for families.
"Create My Budget" Excel Worksheet (XLS, 435KB)
This worksheet enables you to list your expenses, and compare your actual expenses with your targeted expenses. It helps you determine if you are overspending and living beyond your means. Keeping a budget can go a long way in growing your savings.
"Net Worth" Excel Worksheet (XLS, 432KB)
Net worth is the difference in value between your assets and liabilities. Determining your net worth helps you to assess if you are taking on too much or unnecessary liabilities.
This guide highlights key issues you should consider before borrowing and provides a worksheet to help you assess your credit situation. Click here (XLS, 430KB) for an Excel worksheet to help you compute your monthly long term debt payment and assess if you are taking on too much debt.
This guide takes you through areas that you should consider when buying a home and taking a home loan, and includes a worksheet to help you assess affordability before buying a home.
This guide takes you through key issues you need to consider in managing your retirement funds, and provides worksheets that you can use to calculate the monthly amount you can spend without wiping your retirement funds prematurely.
MoneySENSE, CPF Board, Association of Banks in Singapore (ABS), Investment Management Association of Singapore (IMAS), Life Insurance Association, Singapore (LIA) and the Singapore Exchange (SGX) jointly present the MoneySENSE "Making Sense of Common Financial Documents" Guide. The Guide features financial documents which consumers commonly encounter but often do not find time to read and understand. Attached with each financial document are practical tips on how you can better manage your cash flow, manage your credit, provide for your retirement, protect against the unexpected and invest your wealth.
- "Dollars & Sense" - 12-part financial series in Streats newspaper
The Consumers Association of Singapore (CASE) and The Association of Banks in Singapore (ABS) jointly launched a 12-part financial series called "Dollars & Sense" in Streats newspaper on 1 December 2003. The articles provide useful tips and information to consumers on how they can better manage their finances and avoid getting into too much debt.
Download the articles here:
- Budget Beginnings (PDF, 1.82MB)
- Managing Your Day-To-Day Money (PDF, 462KB)
- Be Credit Smart (PDF, 1.80MB)
- Teaching The Young To Be Financially Responsible (PDF, 1.76MB)
- Eight Things You Should Know About Credit And Charge Cards (PDF, 2.25MB)
- Choosing The Card That Suits You Best (PDF, 2.04MB)
- Paying For Your Card Purchases (PDF, 1.85MB)
- Shop And Save (PDF, 1.73MB)
- Have Card Will Travel (PDF, 2.13MB)
- Dealing With Card Fraud (PDF, 1.99MB)
- Dealing With Debt (PDF, 1.98MB)
- Credit Bureau: What The Consumer Needs To Know (PDF, 2.09MB)
The Life Insurance Association, Singapore (LIA) and the Central Singapore Community Development Council (Central Singapore CDC) jointly launched a 6-part articles called "Life Insurance and You" in Central Singapore CDC's newsletter, Voices, on 1 June 2004. The articles educate readers on the various concepts of life insurance and provide useful tips on what to look out for when buying an insurance product.
Download the articles here:
- What you need to know about health insurance - Part 1 (PDF, 40.0KB)
- What you need to know about health insurance - Part 2 (PDF, 201KB)
- What you need to know about health insurance - Part 3 (PDF, 497KB)
- Using annuities to meet your retirement needs (PDF, 322KB)
- How you can save for your child's education (PDF, 55.4KB)
- Using investment-linked plans to meet your protection and investment needs (PDF, 53.1KB)
The Consumers Association of Singapore (CASE) and The Association of Banks in Singapore (ABS) jointly launched a 6-part financial series called "Loans and You" in Streats and LianHe WanBao newspaper on 19 November and 22 November 2004 respectively. The articles provide useful tips and information to consumers on the different types of loans and what they should look out for before taking up a loan.
Download the articles here:
- Borrowing money: Look before you leap (PDF, 2.70MB) (Mandarin version available here (PDF, 2.14MB))
- Repaying loans: Cultivate good spending and saving habits (PDF, 2.69MB) (Mandarin version available here (PDF, 1.92MB))
- About loans: A look at interest and other charges (PDF, 2.47MB) (Mandarin version available here (PDF, 1.92MB))
- Housing loans: Be prudent when taking large loans (PDF, 2.73MB) (Mandarin version available here (PDF, 2.28MB))
- Vehicle loans: What you should know (PDF, 2.54MB) (Mandarin version available here (PDF, 2.22MB))
- Unsecured loans: Where's the catch? (PDF, 2.56MB) (Mandarin version available here (PDF, 1.83MB))
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