SRS monies will be allowed to buy Singapore Savings Bonds

The MAS is now making changes to its IT system to support the initiative.

The Money Authority of Singapore (MAS) will allow the use of Supplementary Retirement Scheme (SRS) monies to buy Singapore Savings Bonds (SSBs), said Tharman Shanmugaratnam, deputy prime minister and minister in charge of MAS.

SSBs are a special type of Singapore Government Securities that are suitable for individuals who want low-risk retirement savings instrument.

“Given the objectives of SSBs, we intend to allow the use of Supplementary Retirement Scheme (SRS) monies for the purchase of these bonds. It will enhance the range of low-cost products available on the SRS platform. However, the allocation mechanism for SSBs will continue to ensure that small savers amongst the public get preference in the event of over-subscription,” said Shanmugaratnam in a reply to Patrick Tay Teck Guan, member of parliament at West Coast GRC, on Monday.

According to MAS, more than 55,000 individuals already hold over $1.8b SSBs as of 1 February.

Furthermore, Shanmugaratnam noted that MAS is now making changes to its IT system to support the use of SRS monies for purchasing SSBs.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia