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Over 25% of retail investors' SRS amounts still untapped

Industry players cite limited range of products approved for Supplementary Retirement Scheme, investment restrictions, lengthy approval process

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Published Sun, Jun 20, 2021 · 09:50 PM

    Singapore

    OVER a quarter of all Supplementary Retirement Scheme (SRS) contributions in Singapore are still sitting idle in cash, left uninvested by most retail investors here, checks by The Business Times showed.

    SRS is a voluntary scheme that incentivises individuals to save for retirement on top of their Central Provident Fund (CPF) savings while enjoying tax-relief benefits.

    Financial planningrobo-advisorsasset managementWealth management

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