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NTUC Income, a co-operative insurance society formed in 1970, was initiated by Dr Goh Keng Swee during the "Modernisation of the Labour Movement" seminar on 18 November 1969.

With a modest capital of $1.2 million, it has become a leader in Life and General Insurance with total assets of S$16 billion. Today, it has more than 1.8 million policyholders placing their trust in it.

Income has always placed the interests of our policyholders foremost. It distributes 98% of our surplus to policyholders which is higher compared to industry practice.

Income also provide special benefits to our customers under the concept, "More Than Insurance". Some of these include competitive loans, will writing services and home services such as plumbing and renovation.

Established in Singapore in 1931, it is among the top three life insurers in Singapore with 3,000 full time insurance advisers whom archived the highest number of MDRT Advisers in 2002, 2003, 2004 and 2005. Prudential, the fastest-growing international insurance company in Asia with 23 life and fund management operations in 12 countries, is wholly-owned subsidiary of UK-based Prudential plc.

MoneySENSE is a national financial education programme for Singapore. It was launched by then Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), Mr Lee Hsien Loong on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.

The MoneySENSE programme covers 3 tiers of financial literacy:

• Tier I - Basic Money Management - which covers skills in budgeting and saving, and provides tips on the responsible use of credit;
• Tier II - Financial Planning - to equip Singaporeans with the skills and knowledge to plan for their long-term financial needs; and
• Tier III - Investment Know-How - which imparts knowledge about the different investment products and skills for investing.

IMAS is a representative body of investment managers spearheading the development and growth of the industry in Singapore. Its mission is to fostering high standards of professionalism and promoting exemplary practice among members, the association seeks to set the benchmark for the investment and fund management industry in Singapore.

IMAS compiled the peformance of the unit trusts and ILP every quarter. Each unit trust and ILP is given a star from 1 to 5 and assigned a quadrant to indicate how it is performing in its sector. So refer to the report to make an informed choice on your unit trust and ILP investment!