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How Did Minister Khaw Pay Only $8 For His Surgery?
In October 2010, it was reported that Minister for Health Khaw Boon Wan paid only $8 in cash for a heart bypass surgery he underwent in May that year. There is quite a bit of anti-government sentiment online and this renewed unhappiness amongst many who were upset with the relentless rise of the cost of living in Singapore, particularly healthcare.
I’m not going into the politics of it as this is a financial blog, but from a financial planning perspective I disagree with some of the views that were expressed on various sociopolitical websites.
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Strange Marketing
Just a while after I blogged about professionalism in the financial industry, I read about this marketing campaign allegedly started by an insurance company to spread the message of life’s uncertainty (and naturally the accompanying importance of insurance). While the underlying message is rather meaningful if not cliché, the marketing campaign itself was strange to say the least.
Types of Financial Advisers
People not familiar to the local financial advisory scene may not know about the different types of practitioners available. This is forgivable since such details are not presented well to the public. The thing that I find laughable is that many people in the industry themselves are confused over the types of financial advisers available.
Hence I hope to clear the air regarding the types of financial advisers that one may engage for his or her financial needs.
Professionalism in the Financial Industry
Chartered Financial Consultant Mr. Wilfred Ling comments on the state of professionalism within the financial industry in Singapore.