Teachers to get boost in financial literacy with SGX-NIE partnership

Teachers to get boost in financial literacy with SGX-NIE partnership

Date
Friday, 20 March 2015

Media Type
Channel NewsAsia (Online & SG Tonight TV)

SINGAPORE: The National Institute of Education (NIE) and the Singapore Exchange (SGX) have announced a partnership for a programme to increase financial literacy and investment knowledge among teachers.

The programme consists of an eight-module course covering the basics of financial literacy, such as risk profiling, macroeconomics, and various investing and insurance schemes. It is slated to run in the coming months.

Under the programme, teachers will be equipped with knowledge in using online investment resources such as SGX StockFacts and MyGateway. It will also offer teachers free access to SGX Academy content.

Chairman of the Citi-NIE Financial Literacy Hub for Teachers Dr Koh Noi Keng said such courses were useful for teachers who might not have the exposure nor the access to make informed financial decisions in the course of their work.

"It's good for us to have this opportunity to provide this platform where the teachers can come for unbiased knowledge acquisition," said Dr Koh.

"Then they will know what questions to ask, to know what they're missing out, and to really manage their own finances because it's their hard earned savings and their retirement at stake."

The programme hopes to reach out to over 3,000 teachers over the next three years, and is valued at around S$1.5 million. The SGX and NIE is also exploring the possibility of holding refresher courses, as well as making some content available to the general public in the future.

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Source: Channel NewsAsia (Online), mediacorp