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CPF best retirement scheme in Asia, but lacks adequacy: Mercer

With changes recently announced to scheme, Singapore's score should improve in the coming years

Published Mon, Oct 13, 2014 · 09:50 PM

Singapore

SINGAPORE'S Central Provident Fund (CPF) scheme continues to be the best retirement system in Asia, although adequacy - or the lack of it - remains its primary shortcoming.

So says the latest Mercer Melbourne Global Pension Index (MMGPI), which measures 25 retirement income systems against more than 50 indicators under the sub-indices of adequacy, sustainability, and integrity.

The human resources consultancy firm on Monday said tha…

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