Contents
SUPPORTING SUSTAINABILITY
2 FINANCIAL PLANNING MAGAZINE 2020
3 4 5 6 8 10 12 14 18 23 24 26 28 30 32 33 34 35
President's Message Chief Editor's Message
EDITORIAL BOARD CHAIR Ms Lisa Lee, CFP®
CFP 50th Anniversary
CHIEF EDITOR Ms Yash Mishra, CFP®
FPSB Growth 2019 Having A Robust Financial Plan What Are Cryptocurrencies And Why It Matters Does Gold Have A Place In Your Clients’ Financial Portfolio? Sustainable Investing — The New Lens The Importance of Systematic Asset Allocation and Diversification Singapore Budget 2020: How does it impact financial planning Book Review : Poor Economics by Abhijit Banerjee & Esther Duflo
MEMBERS / CONTRIBUTORS Ms Joanna Leng, CFP® Ms Yash Mishra, CFP® Mr Ron Miura, CFP® Mr Alfred Chia, CFP® Ms Kee Siew Poh, CFP® Ms Irene Yee, CFP® Mr Tan Hwee Heng, CFP® Mr John Sim, CFP® Mr Lawrence Chow, CFP® Mr Calvin Bok, CFP® Mr Adrian Tong, CFP® GUEST WRITER Ms Lorna Tan Head of Financial Planning Consumer Banking Group DBS Bank FPAS SECRETARIAT Production of the Magazine. Please email admin@fpas.org.sg for advertisement / article contribution.
FPAS' VISION
Who will pay my medical bills Estate Planning For The Singapore Property Owner Turning Irregular Payment Sums To Something Regular-How I Keep My Sanity Millennial Financial Planning
FPAS envisions that all Singaporeans have access to responsible and appropriate financial planning advice by raising the professionalism in the industry through education and shared code of ethics. FPAS also provides a range of services to consumers including:
Lo Hei Luncheon 2020
• Educate and inform the public of the need for objective professional advice in making secure financial decisions.
中国大陆 – 新加坡跨境认真考试顺利结束! Code Of Ethics Workshop For Ngee Ann Poly
• Ensure sufficient professional and ethical standards to maintain the confidence and trust of consumers. • Provide education, training and information to our members to enhance their skills in providing holistic and objective financial advice.
Upcoming Events Financial Planner Awards 2020 (FPA 2020)
• Develop and maintain high ethical standards within the CFP professionals.
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Judging Panel
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Finalists (Aspiring Category)
38
Finalists (Experience Category)
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Mentor Award & Student Category Finalists
• Represents the industry and CFP professionals to continue to raise the professionalism of the industry and to provide high quality financial advice to Singaporeans.
Financial Planning Association of Singapore (UEN: S99SS0008L) 112 Robinson Road #07-02, Singapore 068902 Tel: (65) 6372 1030 Fax: (65) 6372 0121 Email: admin@fpas.org.sg Website: www.fpas.org.sg | www.FPA.sg
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Singapore Resilience & Solidarity Budget
CFP®, CERTIFIED FINANCIAL PLANNER™ and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Association of Singapore is the marks licensing authority for the CFP marks in Singapore, through agreement with FPSB. AFPCM , AWPCM, ASSOCIATE FINANCIAL PLANNER and ASSOCIATE WEALTH PLANNER are registered certification marks of the Financial Planning Association of Singapore. MCI (P) 013/01/2020