The key to investment today is to be able to think outside the box and look at your investment in an unconventional way. The biggest investment and retirement challenges you face today are twofold: How to grow the wealth you have accumulated How to invest and keep up the value of your assets with the […]
How will joint account investments be distributed if a person dies without a will?
Recently I received some questions from one of my readers of the blog. He asked if a person dies without a Will, how will the investments under joint account be distributed? I think this might be an interesting question to many. Question 1: Unit Trust bought under Cash with a local bank and subsequently the sibling of the deceased was added […]
What happens to investments under the CPF Investment Scheme (CPFIS) when a member passes away?
CPFIS investments are not covered under CPF nomination. When a member passes away, his investments under the CPF Investment Scheme (CPFIS) and any cash held in his Investment Account with his agent bank will form part of his estate. The estate administrator/executor may claim these directly from the agent bank for distribution to the beneficiaries of the […]
CPF caps wrap fee for CPF Investment Scheme
From 1 July 2012, the CPF Board will subject the wrap fee charged for CPF Investment Scheme (CPFIS) investments to a maximum limit of 1% per annum. The cap on wrap fees is intended to help members lower the costs of investing their CPF savings over the longer term. The move is another measure taken […]
CPF Implementation of $40,000 restriction for CPF SA from 1st July 2010
From 1st July 2010, CPF members will not be able to invest the first $40,000 in their Special Account (SA). They will have to set aside $40,000 in their Special Account before the remaining savings in their SA can be used for investments. However, you will NOT be required to liquidate your CPFIS investments purchased […]
Consolidate your CPF investment to save cost
Many people have invested their CPF via CPF Investment Scheme. They have invested through insurance companies, banks, or online fund providers. However, few people realize that besides fund management fees, agent bank charges can rack up a significant amount and reduce your investment return substantially. The reason is that each fund house whose funds you […]