SGX partners NIE to equip teachers with investment knowledge

SGX partners NIE to equip teachers with investment knowledge

Friday, 20 March 2015

Singapore Exchange (SGX) and the National Institute of Education (NIE), Singapore today launched an initiative aimed at increasing financial literacy and investment knowledge among teachers.

Driven by Citi-NIE Financial Literacy Hub for Teachers and the SGX Academy, this initiative leverages on NIE’s strength in curriculum design and pedagogy and SGX Academy’s expertise in finance and investment to deliver a structured financial education roadmap for teachers. The programme includes:

  • a comprehensive six-module investment education programme for teachers;
  • equipping teachers with the knowledge in using online investment resources, such as SGX StockFacts and MyGateway; and
  • giving teachers free access to SGX Academy’s investor education activities

The partnership is expected to progressively benefit more than 30,000 teachers and student teachers, providing them personal and professional development by broadening their skill sets into the area of financial management and investments.  Teachers who complete the programme under the financial education roadmap will be awarded a certificate. The education value totals an estimated sum of S$1.5 million.

Lynn Gaspar, Senior Vice President and Head of Retail Investors at SGX, said, “Knowing how to manage personal finances and investments is an important life skill to achieve financial independence. We are pleased to partner NIE in this initiative to empower teachers with financial skills, and through them, mould future generations into confident and effective investors.”  

“As NIE moves toward becoming an institution of leading education programmes for teachers, we are heartened that our continual mission is supported by strong industry leaders in the global market. The programmes shared between Singapore Exchange and NIE will allow us to harness diverse real-time experiences to forge intuitive financial literacy skills for the teaching fraternity. These professional development inroads will pave the way for greater awareness in our schools,” Prof Tan Oon Seng, Director, NIE.

About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity index futures, centred on Asia’s three largest economies – China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia’s pioneering central clearing house. Headquartered in Asia’s most globalised city, and centred within the AAA strength and stability of Singapore’s island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products.

Media Coverage

20 March 2015

Channel NewsAsiaTeachers to get boost in financial literacy with SGX-NIE partnership

21 March 2015

The Business Times (Companies & Markets, Page 14)Teaching the teachers about investment

Lianhe Zaobao (Singapore, Page 19)SGX and NIE partner to introduce free financial course for teachers