In The News

CPF Life is sustainable

MR WILFRED Ling wrote about the solvency of CPF Life ("Guarantee CPF Life solvency for peace of mind"; last Wednesday). We assure him that the CPF Life scheme is designed to be fully sustainable. First, monies in the CPF Lifelong Income Fund and interest paid on the monies are already fully guaranteed by the Government. Second, if interest rates or life expectancies change significantly from what...


Helping merchants fight credit card fraud

CONSUMERS often fret about the dangers of online purchases, but merchants are equally vulnerable to credit card fraud. When fraudulent transactions are uncovered, consumers are protected by their credit card companies, which carry out chargebacks, through which they cancel payment to the sellers and return the stolen funds to the card holders.This works out well to cover consumers, but sellers...


Structural changes needed to move insurance industry forward

THE life insurance industry has evolved over the last 36 years, since the day I founded the Life Underwriters Association - the predecessor of the Insurance and Financial Practitioners Association of Singapore ("How to weigh the worth of financial advisers" by Insurance and Financial Practitioners Association of Singapore president Leong Sow Hoe; Aug 6). Back then, there was no qualification...


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