MoneyOwl has shifted away from direct sale of commercial products and will instead focus on providing online financial advice and recommending insurance and investment products by third parties. 

The latter refers to four passive Amundi index funds offered via Phillip Securities’ Poems platform. Users can start with a $1 investment with cash, or funds from their Central Provident Fund (CPF) Ordinary Account or Supplementary Retirement Scheme. Phillip Securities charges no advisory or platform fees, only fund-level expenses from 0.05% p.a.