ACRA - Secretarial

Does ACRA require a qualified person to be the company secretary? Can any of the directors or staff, without any secretarial qualification, take the duty of secretary for fulfilling ACRA requirements?

Book- Get Value from your Life Insurance

Here is the new cover for my book on Life Insurance. I am using cartoon for the cover and the same characters to illustrate the key messages
http://tankinlian.com/admin/file.aspx?id=359

Financial Planning statement for a 25 year old

This financial planning statement has been prepared for a 25 year old. It is suitable for a graduate who has just started work. You can use this sample statement to learn how to interpret the figures and the impact of different investment yields and inflation on your future income. You can go to this website to prepare a similar statement based on your personal circumstances. www.easysearch.sg/life21

Buying car insurance online

Dear Mr Tan

My car insurance was due for renewal and my current underwriter quoted $1267. I went to NTUC Insurance and they quoted $1461 (seems they are not the cheapest as I thought). By chance, I saw a banner ad for AVIVA on Yahoo!SG and got an online quick quote for $1047, which is a saving not to be sneezed at. A little googling throws up both good and bad points, but I decided to sign up with them. Right or wrong decision, only time will tell.

My comment

It is easy to get an online quote from Aviva (www.aviva) or Direct Asia (www.directasia.com) for your car insurance. They can usually give you significant savings. If not, you only wasted a few minutes, but you got a good benchmark to compare against your current insurer.

Cool the property market

Further measures have been announced.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1104498/1/.html

Mobile roaming fees

The fees for voice and text will be lowered.  But no news on data roaming.
http://www.channelnewsasia.com/stories/southeastasia/view/1104549/1/.html

Unregulated investment products

My book, Practical Guide on Financial Planning has a chapter on the unregulated investment products, such as wine investments, land banking and ponzi schemes. These investments are unregulated by the authority. The seller promises high yields, which are not legally binding. Many people have fallen prey to these scams and lost a lot of money in the past one or two years, after my book was published. Many people are still falling prey to these scams. They are also buying life insurance policies that give them a poor yield, even though these cases are explained in my book.

I advise you to buy the book and read it over two times, to get an understanding of what to look out for, and what to avoid. It can save you many thousand dollars and a lot of heartache.

You can enjoy a 40% discount on this book here.

Tan Kin Lian