About the Financial Education Steering Committee (FESC)

The Financial Education Steering Committee (FESC) provides strategic direction for the MoneySENSE financial education programme and consists of:

  • Ministry of Health
  • Ministry of Social and Family Development
  • Ministry of Education
  • Ministry of Manpower
  • Central Provident Fund Board
  • Monetary Authority of Singapore
  • National Library Board and
  • People’s Association

The FESC was formed in February 2003, with the following terms of reference:

  1. To provide strategic direction and oversight of financial education efforts in Singapore.
  2. To review the current level of financial education efforts in Singapore and identify areas of overlap and gaps in financial education programmes.
  3. To identify and oversee the implementation of nation-wide financial education programmes.

Source: http://www.mas.gov.sg/~/media/resource/news_room/press_releases/2003/Fact%20Sheet%204.ashx