Here’s why the FSM Beneficiary Account is quietly gaining popularity with today's parents

As a parent or caregiver, the desire to provide a financial "leg up" for your child or dependents is universal. Whether it’s for university fees, a first home down payment, or a wedding, or to help secure your parent’s retirement funds, we all want to give our families the best.

However, having the tools to do this can sometimes be complex when it comes to ownership or control. Therefore the FSM Beneficiary Account solves this in a seamless way.

The most immediate concerns for when investing for your family members are:

What if I need the money for an emergency?

What if my child isn't financially responsible at 18 or 21?

Will I encounter any issues handing the funds over to my beneficiaries?

What if something unfortunate were to happen to me before I decide to hand the funds over?

Here is how the FSM Beneficiary Account addresses these concerns:

1. Full Control: You decide the timeline of when to hand the funds over, what to invest in, how much and when. There are No early withdrawal fees unlike other traditional savings plans.
2. Complete Sovereignty: If you decide not to transfer the assets, you can sell the investments and withdraw the proceeds back to your own bank account at any time.
3. Seamless Succession: In the event of your passing, the assets transition to your beneficiary smoothly, providing peace of mind that their future is protected.
4. Zero-Cost Transfers: When you feel the time is right, you can transfer the ownership of the account to the named beneficiary for free.

Start Small, Stay Consistent

You don’t need a windfall to start. With the Regular Savings Plan (RSP) starting at just $50 a month, the barrier to entry is virtually non-existent.

Instead of letting "Ang Bao" money or birthday gifts sit in a bank account earning negligible interest, parents can put that money to work. By automating a monthly contribution through an RSP, you take advantage of Dollar Cost Averaging (DCA), ensuring you buy more units when prices are low and fewer when they are high, effectively smoothing out market volatility.

The full power of the FSM Account

The FSM Beneficiary Account offers the same access and features and as a standard FSM account.

Parents can build a globally diversified portfolio using:

• FSM Managed Portfolios: For those who prefer a "hands-off" approach, managed portfolios provide professional asset allocation tailored to your risk appetite. All the investment decisions are made by the iFAST Research Team.
• Unit Trusts: Gain access to over 2000 funds from world-class asset managers. Whether you are looking for Equity funds or Bonds funds or a mix of both through a balanced strategy, you can invest with 0% Sales Charge into Unit Trust funds on FSM.
• Bonds: Prefer a more conservative approach? Access a wide array of retail bonds, wholesale bonds, and government securities (including SGS and T-bills) to provide stability and capital preservation within the portfolio.
• Stocks and ETFs: Enjoy extremely competitive fees and capture growth in the SG, US, UK, HK, Malaysia and China markets.
  
  

Start Building The Future Today

Don't let another year of compounding slip away. Start small, stay regular, and give your beneficiaries the greatest gift in investing – Time and Consistency.

Promotion

From 3 March 2026 to 30 June 2026, get S$18 FSM Cash Account Credits when you open an FSM Beneficiary Account.

Get an additional bonus of S$50 FSM Cash Account Credits when you invest a minimum of S$500 a month consecutively via a Regular Savings Plan (RSP) for 5 months.

Terms and Conditions

1.            This promotion is only valid for new beneficiary accounts opened between 3 March 2026 and 30 June 2026.

2.            To be eligible for the FSM Beneficiary Account promotion, the beneficiary account opened must be approved no later than by 30 June 2026.

3.            Regular Savings Plan (RSP) must be funded with Cash and invested into ETFs or Unit Trust Funds or MAPS to be eligible.

4.            Transactions using CPFIS-OA, CPFIS-SA and SRS are not eligible.

5.            The first S$18 worth of Cash Account Credits will be credited within 6 weeks after the promo period for FSM beneficiary accounts that have been successfully opened.

6.            The next S$50 worth of Cash Account Credits will be credited after the client has invested at least S$500 worth via any Regular Savings Plan for a consecutive period of 5 months.

7.           The final consecutive month of investing at least S$500 via any Regular Savings Plan must be completed by 30 November 2026.

8.            FSM reserves the right to amend the terms and conditions without prior notification.