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Anonymous
Are NTUC Enterprise and MoneyOwl linked? And is it related to NTUC INCOME?
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Chuin Ting Weber
07 Oct 2020
CEO and CIO at MoneyOwl
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Hi Anonymous,
NTUC Enterprise owns a majority 60% share of MoneyOwl. NTUC Enterprise is also the majority shareholder of NTUC Income, as well as NTUC FairPrice, NTUC First Campus and other social enterprises. So, MoneyOwl is a sister company of NTUC Income and NTUC FairPrice etc.
However, MoneyOwl is fully independent of NTUC Income and we do not give any preferential consideration to NTUC Income. You can see this from our insurance comparison site, where we rank products based on objective criteria.
The other 40% corporate parent of MoneyOwl is Providend, who is a home-grown, best-in-class financial adviser known for ethical practice and expertise in comprehensive planning.
MoneyOwl is proud to be an NTUC social enterprise and an associate company of Providend, as this JV between two corporates with decades of Doing Good and Doing Right between them.