Financial Planning

Financial planning, unit trust, insurance, protection, wills, trusts, sources of income for everyone

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Entries from January 2008

About the Employees Provident Fund (EPF)

January 21st, 2008 · No Comments

The Employees Provident Fund (EPF) is a national savings scheme, providing basic financial security for retirement. The Fund is committed to preserving and growing the savings of its members in accordance with best practices in investment and corporate governance. It will always be guided by prudence in its investment decisions.
As a customer-focused organization, the EPF [...]

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Tags: Retirement

EPF : Service Charges For Unit Trust Investment Capped At 3 Percent

January 21st, 2008 · No Comments

Saturday, January 19, 2008
Members of the Employees Provident Fund (EPF) will pay 50 per cent less in service charges for investment in unit trusts from January 1, 2008. The EPF announced that the service charges would be capped at three per cent, and fund management institutions cannot impose service charges beyond that.
This move as approved [...]

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Tags: Retirement

Golden Phrases

January 17th, 2008 · No Comments

A man does not invest just because he has money. He invests because he sees an opportunity.
The best time to grow a tree is 20 years ago. The second best time to grow a tree is now.
He who thinks he can, he can.
One who fail to plan is planning to fail.

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Tags: Uncategorized

Use trained professionals…do not attempt this at home

January 17th, 2008 · 1 Comment

Ask yourself if you can do it, efficiently. Why unit trust are such wonderful investment? This is because expert fund managers are managing the unit trust funds earning above average returns. You go to a mechanic when your car breaks down. You go to a doctor when you’re sick. You go [...]

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Tags: Retirement