Sterling Knight COO Blog

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Sterling Knight COO Blog

Enhanced Pro-Family Benefits Announced Retrospectively (Mon, 24 Aug 2015)
Paternity Leave, Baby Bonus, Medisave Grants, Proximity Grant Scheme
At the Prime Minister's National Day Rally on 23rd August 2015, an additional week of paternity leave was announced with effect from 1st Jan 2015. This is paid by the Government and is voluntary on the part of the employers, for now. Other pro-family measures include: a) Proximity Housing Grants for couples who stay with or near their parents. More information will be published soon by the Ministry of National Development. b) Baby bonus enhancements, including increases to the amount and every child now eligible (instead of just the 1st 4 children). Effective 1st Jan 2015. c) Increase of Medisave Grant for Newborns sufficient to cover Medishield Life premiums until 21 years of age. Effective 1 Jan 2015. Source: 1hr13mins to 1hr19mins  onwards in the following speech video:    
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Retirement Video Promotes CPF Life (Thu, 06 Aug 2015)
A new video was release to encourage greater sign up of CPF Life, a retirement / annuity program for Singapore citizens and permanent residents: For more information on CPF Life, see https://mycpf.cpf.gov.sg/Members/Schemes/schemes/retirement/cpf-life
A new video was release to encourage greater sign up of CPF Life, a retirement / annuity program for Singapore citizens and permanent residents:   For more information on CPF Life, see https://mycpf.cpf.gov.sg/Members/Schemes/schemes/retirement/cpf-life  
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A History of Singapore 1965 to 2065 (Thu, 06 Aug 2015)
In advance of Singapore's SG50 long weekend, a fascinating speech was delivered by the Managing Director of Singapore's Financial regulator. It delivers a synopsis of our history since 1965 and looks ahead at potential trends in the future.
In advance of Singapore's SG50 long weekend, a fascinating speech was delivered by the Managing Director of Singapore's Financial regulator. It delivers a synopsis of our history since 1965 and looks ahead at potential trends in the future.
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Prime Minister's Speech on Challenges in Singapore in Future Decades (Fri, 24 Jul 2015)
Prime Minister Lee provides insight on Singapore's challenges in 10, 25 and 50 years time. Challenges in 10 years will be maintaining a productive economy, in 25 years, the possibility of inverted population pyramid due to ageing population and slow birth rate, and in 50 years, developing the Singapore identity. Source: Video and transcript published on Prime Minister's Office Website Demographic challenges can be addressed by increasing the total fertility rate from 1.2 to 1.5 to reduce the risk. Policies include pro-family policies which employers have a part to play.
Prime Minister Lee provides insight on Singapore's challenges in 10, 25 and 50 years time. Challenges in 10 years will be maintaining a productive economy, in 25 years, the possibility of inverted population pyramid due to ageing population and slow birth rate, and in 50 years, developing the Singapore identity.     Source: Video and transcript published on Prime Minister's Office Website Demographic challenges can be addressed by increasing the total fertility rate from 1.2 to 1.5 to reduce the risk. Policies include pro-family policies which employers have a part to play.
>> Read more

Monetary Authority of Singapore will Enhance Safeguards for Financial Services Sold at Public Places (Thu, 23 Jul 2015)
A consultation paper has been issued by the financial regulator in Singapore, the MAS, to enhance regulation on selling financial services such as insurance, in public places. Insurance products that will be regulated further will likely be life insurance and personal accident insurance. Source: MAS Press Release We welcome these additional measures to reduce risks of mis-selling of products.
A consultation paper has been issued by the financial regulator in Singapore, the MAS, to enhance regulation on selling financial services such as insurance, in public places. Insurance products that will be regulated further will likely be life insurance and personal accident insurance. Source: MAS Press Release We welcome these additional measures to reduce risks of mis-selling of products.
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