SINGAPORE - A new programme to educate lottery winners on how to
manage their newfound wealth better was launched on Friday (March
4).
The Singapore Pools' Care for Winners programme targets those who
have won prize money of $100,000 and above.
It replaces the Winners Wealth Management programme, which was
introduced by the Singapore Pools in 2010.
The new programme consists of a kit that includes bilingual videos,
brochures, posters, banners and standees. They were unveiled at the
Singapore Pools Headquarters in Middle Road, together with the
Monetary Authority of Singapore's MoneySENSE programme.
The Care for Winners programme aims to educate winners of large
prize money on how to manage their winnings with care and
planning.
Through the programme, prize winners will learn about staying
debt-free, avoiding splurging away winnings, and fulfilling
financial goals. In addition, prize winners are encouraged to
invest their wealth wisely and consider sharing it with those in
need.
Singapore Pools staff will also meet customers who have won prize
money of $100,000 and above to share financial planning tips.
"It is our duty to care for our customers as a responsible gaming
operator," said Mr Seah Chin Siong, Singapore Pools' chief
executive officer.
Big lottery prizes have been in the news recently.
Just last month, two large jackpots were won in Toto draws
organised by the Singapore Pools. A single winner won $9.5 million
in the Toto draw on Feb 11, while the jackpot of $13.9 million was
shared by two winners in the 2016 Toto Hong Bao Draw.
ST