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Government to review CPF Investment Scheme

Tuesday, September 13, 2016 - 22:57
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The Government will review the Central Provident Fund Investment Scheme (CPFIS), Deputy Prime Minister Tharman Shanmugaratnam said on Tuesday (Sept 13), taking up a recommendation proposed by an advisory panel early last month.

[SINGAPORE] The Government will review the Central Provident Fund Investment Scheme (CPFIS), Deputy Prime Minister Tharman Shanmugaratnam said on Tuesday (Sept 13), taking up a recommendation proposed by an advisory panel early last month.

The CPFIS was set up to offer CPF members a way to earn higher returns on their savings but it is "not fit for purpose", Mr Tharman told an audience at the Economic Society of Singapore's annual dinner.

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