Encourage people to save more with a voluntary CPF scheme
CPF made the headlines this week with the National Trades Union Congress (NTUC) calling for a boost in Central Provident Fund rates and flexibility in withdrawals. It was also in the news several times last year.
Compared to global standards, Singapore's CPF is and has been a very successful statutory retirement plan. Some of its challenges today have been brought about by a combination of factors. These probably could not have been well anticipated in greater detail before.
The major ones are a rise in property prices and the cost of living, very low interest rates, and an ageing population. Put together, these have put pressure on the CPF …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access