Government to review CPF Investment Scheme

Published Tue, Sep 13, 2016 · 02:57 PM

[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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Singapore

Government to review CPF Investment Scheme

KEYWORDS IN THIS ARTICLE

Economy & Policy

NTUC aims to do more to support PMEs, who now account for nearly half its membership

Daily Debrief: What Happened Today (Apr 25)

Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low

8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey

Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF

Daily Debrief: What Happened Today (Apr 23)

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