Category: Retirement Planning

8 Changes to the CPF System Announced in November 2021 and How They Will Affect You

In November 2021, the CPF (Amendment) Bill 2021 was introduced in Parliament with the aim of streamlining the CPF system while enhancing certain aspects to enable members to build up their retirement nest eggs and receive payouts more smoothly. The government has emphasised that these are not changes to CPF withdrawal rules or payout ages. […]

Would you want to retire with $1,379 per month?

Contributed by Grace Ang,  Financial Advisory Manager, Financial Alliance Pte Ltd (The contributor can be contacted at graceang@fapl.sg) The research report on “What older people need in Singapore: A household budgets study” was released in May 2019. It has derived a budget of $1,379 per month for a single elderly to meet the basic standard […]

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Year 2022

  • Celebrate our 20th Anniversary as an Independent Financial Advisory Firm

Year 2011

  • Full Scale Corporate Brand Facelift, introducing the seven-dot new logo created in our corporate colours

 

  • Established the Financial Alliance Islamic Wealth Advisory (“FAiWA”) Division to provide Muslim clients with financial planning and wealth management services

Year 2002

  • Established as an Independent Financial Advisory (“IFA”) firm which aligns the company to client’s needs

Year 2004

  • Became the first IFA firm to create the Unit Trust Fund Selector to compare diverse funds to meet client’s needs

Year 2005

  • Created the first Life Insurance Product Comparison Databank which compares hundreds of life insurance products from numerous insurers

Year 2006

  • Created the Integrated Business Operations Support System (“iBOSS”) – a database that provides administrative supports, and allows FARS to access information about business activities, client’s details and upcoming events

Year 2007

  • Became the first IFA firm to win the Asian Management Association’s Professional Enterprise Award

Year 2008

  • Became the only IFA firm to attain the Singapore Quality Class (“SQC”) and People Developer statuses

 

  • Enhanced protection on clients by setting a compulsory “Education Level” to ensure that clients understand the recommendations and product disclosures given

 

  • Adopted the 4-Stage Market Recovery Model to educate practitioners and clients about current market positions and brace themselves for the future

Year 2009

  • Became a Singapore SME 500 firm

Year 2010

  • Acquired another financial advisory firm and significantly expanded market presence.

Year 2012

  • First and only IFA firm to be awarded the SQC Star* status

 

  • Created Auto Quote System (“AQS”) to gather quotes from various general insurance companies, such as motor insurance companies

 

  • Celebrated A Decade of Distinction (2002 – 2012)

 

  • Upgraded Investment Experience Questionnaire to Customer Knowledge Assessment (CKA) to better assess clients’ ability in understanding financial solutions

 

  • Developed the Product Suitability Assessment (PSA) framework to assess if client’s intended investment is suitable, based on his/her current financial position

Year 2021

  • Launched HARVERZ, our proprietary digi-adviser to empower our Consultants to serve their investment clients with higher efficiency and sharper fund selection capability

 

  • Launched ELEVATE portal to publicise our series of webinars. Through the webinars, we aim to educate the public to be more financially savvy and elevate their level of financial fitness.

 

  • Launched ENGAGE portal, giving our Consultants the crucial platform to unleash their digital marketing chops

 

  • Established IAM Unit (Independent Asset Management Unit) to partner with private banks to offer discretionary investment management services to accredited investors

Year 2013

  • The full roll-out of e-Financial Compass to facilitate paperless advisory documentation and electronic submission for supervisor approval

 

  • Launched Shariah-Compliant Portfolios to give Muslim clients Islamic investment options

 

  • Launched a series of free open-to-public seminars to encourage the public to look after their financial and physical health

Year 2014

  • Extended our independent advisory business to Malaysia

 

  • Adopted Core-satellite approach for our Model Portfolio to minimise portfolio volatility while allowing portfolio to outperform the stock market

Year 2015

  • Ranked in Singapore SME 1000

 

  • Introduced 101 ILP Recommendations for our clients

Year 2016

  • Launched Financial Compass mobile application to help consumers in retirement planning and obtain retirement planning solutions

 

  • Won Silver for Most Preferred Financial Adviser from ShareInvestor Awards.

 

  • Launched Company-wide Portfolio Mass Rebalancing capability to better manage clients‘ investments and respond faster to market movements

 

  • Launched Managed Account Solution with Havenport to extend a new service capability to customers

 

  • Ranked in Singapore SME 1000 for 6 consecutive years

Year 2017

  • Celebrated our 15th Anniversary

 

  • Held Symphony of the Heart concert (part of our 15th Anniversary celebrations) in support of Willing Hearts and Singapore Wind Symphony

 

  • Successfully renewed the dual SQC Star and People Developer statuses

 

  • Ranked in Singapore SME 1000

 

  • Won Marketing Institute of Singapore – Most Popular Brand on Social Media (Financial Advisory) Award

 

  • Won Marketing Institute of Singapore – Best Mobile App User Experience Award

Year 2018

  • Won International Adviser Best Practice Adviser Awards 2018 – Excellence in Marketing

 

  • Ranked in Singapore SME 1000

Year 2019

  • Won Brands for Good 2019 – Champion for Workplace & People Development

 

  • Won Brands for Good 2019 – Honouree for Community; Social Giving & Engagement

 

  • FPAS Financial Planner Award 2019, Financial Advisory Corporate Winner

 

  • Launched Life Insurance Made Easy (LIME) , a proprietary portal containing voluminous details of life insurance policies issued by our business partners. LIME boosts our Consultants’ efficiency and cleint ena in their life insurance business

 

  • Launched Improved Integrated Business Operations Support System II

Year 2020

  • Moved to our brand new office at Gateway West, Beach Road

 

  • Rolled out non-face-to-face client engagement capability, including a highly secure 2FA “e-sign” feature, during Circuit Breaker and the ensuing period of prolonged social restrictions. Our nimble responses enabled our clients’ needs to be served even when physical meetings could not be held

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同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

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  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
    我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策，并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
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    鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.