In January 2017, the Next Age Institute (NAI) at the National University of Singapore (NUS) began the Singapore Financial Capability and Asset Building (SG FCAB) initiative. The goal of the initiative is to develop Singaporean social workers’ knowledge and skills for working with vulnerable low-income families on their household finances.
The second phase involved a pilot-test of the curriculum with 60 NUS social work undergraduates and 92 registered social workers in addition to the development of a web-based training platform and program information resource for social workers.
Now entering its third phase, SG FCAB curriculum training will be rolled out as a Continuing Professional Education Program for practicing social workers on a nationwide scale by the Department of Social Work at NUS. Now titled the SG FCAB Training program, the effort will train some 250 Singaporean social workers by the end of 2020. As a full-scale program, the reach of FCAB extends beyond the testing phase in an academic setting and into wide practice implementation.