Financial advisers group raises $30k for ST pocket money fund

(From left) Ms Tan Bee Heong, general manager of The Straits Times School Pocket Money Fund; Mr David Choo, president of the Association of Financial Advisers (Singapore); Ms Merlyn Ee, executive director of the Monetary Authority of Singapore; and M
(From left) Ms Tan Bee Heong, general manager of The Straits Times School Pocket Money Fund; Mr David Choo, president of the Association of Financial Advisers (Singapore); Ms Merlyn Ee, executive director of the Monetary Authority of Singapore; and Mr Raymond Ng, chairman of the association's annual conference. Yesterday, Ms Ee presented the ST School Pocket Money Fund with a $20,000 cheque which represented an estimate of the amount raised.ST PHOTO: ALPHONSUS CHERN

About $30,000 has been raised by the Association of Financial Advisers (Singapore) for The Straits Times School Pocket Money Fund to help needy students.

The donations were made by member firms and partners after the association informed them of the fund-raising effort on June 1.

The sum, which includes $10,000 donated by the association, received a boost yesterday as participants at its annual conference also made contributions.

About 350 members attended the conference held at the Grand Copthorne Waterfront Hotel.

Said Mr David Choo, the association's president: "As we have been blessed and have benefited much from the economic progress in Singapore, we want to remember those who are less fortunate."

The ST School Pocket Money Fund was started in 2000 as a community project initiated by The Straits Times to help children from low-income families through school.

Since its launch, the fund has helped more than 170,000 children and youth and disbursed $68 million.

A version of this article appeared in the print edition of The Straits Times on July 12, 2019, with the headline 'Financial advisers group raises $30k for ST pocket money fund'. Print Edition | Subscribe