Party Grandpa Retirement Club is launching interesting Grandpa NFTs
NEW YORK, Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - The Party Grandpa Retirement Club is launching its NFTs soon. Its minting will go live on November 17 as from 9 pm eastern time. Finally, NFT fans can join the retirement club with an NFT for good rewards. By joining the launch, there is a chance to win 5NFT, 100 presales, and $5000. The party grandpa has an exclusive collection of 10,000 creatively made grandpas. They are all different and uniquely made and stored in ERC-721 tokens on the Ethereum blockchain while being hosted on IFPS.The NFTs are not your ordinary grandpas as they are uniquely made with more than 180 hand traits. When a fan buys a grandpa, they automatically gain membership to the retirement club. There is never a dull moment with the grandpas as they want fans to enjoy life with them. The interesting part is that $200,000 is to be won when one buys a grandpa.There is no doubt that the future is NFT. Who would have thought that an NFT could get you an entryway into retirement? Everyone is used to the idea of buying a retirement scheme and or getting into all these kinds of schemes to secure the future. Thanks to tech and blockchain, you can buy into a re...
Changes to retirement, re-employment, CPF rules will make for a more inclusive economy and society
SINGAPORE - Should people be allowed to work as long as they want, no matter how old they are? This was one of the central questions raised during the debate on the Retirement and Re-employment (Amendment) Bill and Central Provident Fund (Amendment) Bill, which were passed on Tuesday (Nov 2). Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
Parents must plan early for retirement: Panel
SINGAPORE - Singaporeans, especially parents of young children, have to take stock of their financial situation and do their retirement planning early, said a panel on Tuesday (Aug 17). The panel on retirement planning, organised by insurer AIA and The Straits Times, discussed issues related to parents in preparing for old age and retirement. It was moderated by ST Invest editor Tan Ooi Boon, who brought up an AIA survey which found that 60 per cent of Singaporeans face uncertainty in the future by not making retirement planning a priority. Panellist Melita Teo, AIA Singapore's chief customer and digital officer, also noted that parents spend almost 20 per cent of their income on their children, but less than 7 per cent on their own retirement planning. And 70 per cent of them plan to maintain or increase the amount allocated to their children's expenses. Ms Teo said: "Retirement planning is a very strong foundation of our society in terms of financial security, so there are real concerns when families are deprioritising this. The longer they wait out, the tougher it will be for them to be able to live out their later years well and healthily." She noted that such parents face imme...
This former banker is on a mission to make investing more accessible for S’poreans in volatile times
When global stocks started to fall in February last year due to news about the impact of the Covid-19 pandemic, social media and online discussion boards were flooded with questions and comments from anxious retail investors, including retirees. To address common concerns, the founding team of Endowus quickly put together a series of educational webinars to help Singaporeans understand the volatile nature of financial markets. Through the webinars hosted on YouTube, investors learnt about market risks, the importance of having a well-diversified portfolio and the difference between speculating and investing, says chief executive Gregory Van. As demand for these sessions grew, the founding team, whose members previously worked for global banks such as UBS, Morgan Stanley and Goldman Sachs, tapped into their network. They engaged fund managers, financial bloggers and experts to not just break down and explain advanced investing concepts, but also share insights and knowledge with investors of varying experience, from first-timers to veterans. Many Singaporeans are looking for ways to supplement their income, save for retirement, grow their wealth and keep up with inflation. Yet, not ...
No more ‘shielding’ of CPF soon?
The days of exploiting loopholes in the national retirement scheme could be over soon, after the Central Provident Fund (CPF) Board posted a warning on its website. In particular, it is taking aim at the act of "shielding", which is promoted by some financial advisers to circumvent the transfer of funds from members' Special Account (SA) to their Retirement Account when they hit 55. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
Interest in retirement planning grows in UK
(REUTERS) - The Covid-19 pandemic is making Britons rethink their retirement and long-term savings plans, an added boon for money managers who are already benefiting from a record-setting recovery in financial markets. The death of a loved one, the need to squirrel away funds for emergencies and pandemic-influenced changes in life goals are motivating more people to have conversations about financial planning, British money managers said. "We have seen three characteristics emerge from this crisis - the early retirees, the retirement delayers and the newly motivated pension planners," said Ms Rosie Hooper, chartered financial planner at asset manager Quilter. "This pandemic has just accelerated things, whether out of necessity or desire." In the first few months of the pandemic last year, investors were hit hard by a collapse in financial markets. Massive government stimulus, however, has lifted sentiment since then. While some have used the money for big-ticket purchases like cars and homes, others are salting it away. A survey by the country's statistics office shows that one in eight workers aged 50 and over, or 13 per cent, said they had changed their retirement plans, with 5 p...
$3b in top-ups to CPF accounts made last year by 140,000 members, up 40% from 2019
SINGAPORE - Amid the uncertainties of the Covid-19 pandemic last year, 140,000 Central Provident Fund (CPF) members made account top-ups under the Retirement Sum Topping-Up Scheme. They put in a total of $3 billion in top-ups to their or their loved-ones' accounts, 40 per cent more than the amount of top-ups made in 2019, said the CPF Board on Wednesday (Feb 3). The Board added that $1.2 billion of top-ups were made in the fourth quarter of last year alone. The number of people topping up for the first time rose, especially among the younger set. More than one in three of those who made top-ups last year were first-timers, which is an increase of more than 50 per cent compared with the previous year, said the CPF Board in a media release. Among young people below 35 years old, there were 86 per cent more who topped up for the first time last year, compared with the previous year. This group saw the highest increase in first-timers. Compared with 2019, 27 per cent more people topped up their parents' CPF accounts last year. The Retirement Sum Topping-Up Scheme allows members to use cash or existing CPF savings to top up their own or their loved ones’ accounts. For recipients below t...
440,000 eligible for matched top-ups to CPF retirement accounts
SINGAPORE - A total of 440,000 people will be able to receive matching amounts of up to $600 annually for cash top-ups made to their Central Provident Fund (CPF) retirement accounts, under a new scheme which kicks off this year. They make up about 53 per cent of CPF members between 55 and 70 years old, said the CPF Board on Wednesday (Jan 6). The Matched Retirement Savings Scheme, which was announced last year, aims to help more older CPF members attain the basic retirement sum. It allows anyone, including family members, employers or members of the community, to make top-ups to a person's retirement account. Each dollar of cash top-up will be matched by the Government for the next five years, capped at $600 per year. Top-ups can be made on the CPF website or the mobile app. They also do not have to be made in a lump sum. This means that small and regular top-ups throughout the year using Giro can also receive the matching grant. CPF Board chief executive Augustin Lee said: "About half of CPF members turning 55 today have yet to attain the basic retirement sum. This matching grant by the Government will encourage them to save more with CPF. "There's no better savings interest rate ...
‘Peter Pans’ may find themselves short of money in old age
They are in their 30s to 50s, mature and inching towards retirement, but they still think they are very young and can, well, live forever - so they tend to spend more rather than save. After all, they keep fit, exercise regularly and are confident they can keep working way past their 60s or even 70s. So why plan for retirement when they don't actually plan to retire at all? Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
When staff can choose to work to 100 and beyond
The traditional concept of retirement has been, well, retired at Prudential Singapore. The insurer is one of very few companies here that has done away with the notion of retirement for all its employees, including long-serving staff like Ms Sue Li, 64, Mr Abdullah Rahim and Ms Mary Goh, both 62. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
When staff can choose to work to 100 and beyond
The traditional concept of retirement has been, well, retired at Prudential Singapore. The insurer is one of very few companies here that has done away with the notion of retirement for all its employees, including long-serving staff like Ms Sue Li, 64, Mr Abdullah Rahim and Ms Mary Goh, both 62. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
AIG names new CEO, plans to spin off life and retirement unit
NEW YORK (REUTERS) - Insurer American International Group (AIG) on Monday (Oct 26) said its board approved a plan to separate the life and retirement business from the rest of the company, and named president Peter Zaffino as chief executive officer, effective next year. AIG shares were up nearly 8 per cent in extended trading on Monday. Mr Zaffino, 53, who succeeds 73-year-old Brian Duperreault, will take charge in March. Mr Zaffino will be AIG's seventh CEO since 2005. The insurer, which ranks among the top 10 US carriers by market value, said it has yet to make a decision on how to carry out the separation, beyond the board voting to establish two independent, market-leading companies. The separation of the business could take "a couple of years" and may be done in phases through sales of minority stakes, according to two people familiar with the matter. The board's decision does not rule out a single sale and any proposed transactions will also need board approval, AIG said. The life and retirement business accounted for 34 per cent of AIG's US$49 billion (S$66.7 billion) in 2019 adjusted revenue, compared with 64 per cent for its general insurance business, AIG said in Septemb...