Thanks for all the comments. It's good to see people are still in the game whilst its hard to see the light at the end of the tunnel. As others have mentioned I also converted all the velocity points to KF with the intention to use them on a first class trip to India in May 2020. That obviously never eventuated. I've got ~650k flybuys points as well which for the time being I feel is safer to leave there than to convert to velocity, especially when we don't know what sort of international options there will be down the track. Supermarket loyalty programs are probably safer for the time being considering the way people shop at the sniff of a lockdown...
With FB, there is no expiry, and/ergo/ie no loss.
With QFF, so long as there is activity, there is also no loss/expiry, and its its easy to keep points alive.
Now, with SQ's KF, and your haul is "huge", and you might "probably" loose them, and as well as/99.9% of hotel membership programs, where points do expire, I agree, its pointless to accumulate them, and then have them expire.
OT: for Rydges's PGR program, I usually read all emails, they said they did email out notices that points will be extended for a while, then will expire, but I don't think I got that email, so yep, for PGR and my ALL Accor, they both lost points.
PGR reinstated them, and I didn't make a fuss in ALL Accor's case, but with so many restrictions in regards to travel, and pain in the bum to fly and then have to quarantine for certain states, in "some" circumstances, not worth it accumulating points, is a good adage.