The outlook for mortgage rates is that the rates are expected to go up. It is a known fact the mortgage rates have a significant impact on the cost of buying a home. When the rates increase, your monthly payments go up. A 5 basis point change in the rates can be significant in the long… Read More
Wishing you & your family good health, good luck and much happiness throughout the year.
2016 was a challenging year for the insurance industry. Other than the economical changes that affected the financial sector, FinTech became more common to consumers and they have more choices when it comes to buying an insurance policy. There were several regulatory changes too. So, how did the insurance industry ended in 2016? According to reports… Read More
January was a busy month for some financial institutions(FIs) as the Common Reporting Standard (CRS) was implemented on the 1st Jan 2017. The FIs may be banks, specified insurance companies, investment entities and custodial institutions. For accounts that were opened before 1st Jan 2017, the FIs may contact the account holders to declare their… Read More
The IBF Standards are a set of competency standards for financial skills. It is a comprehensive quality assurance framework with both an accreditation and a certification system. There are 3 levels of IBF Certifications as shown below. (source:www.ibf.org.sg) More information on can be shared from this… Read More