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Manulife: 4 in 5 feel CPF funds won't be enough for retirement

60% in its survey want flexibility in withdrawal rules

Published Wed, Aug 13, 2014 · 10:00 PM
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[SINGAPORE] Four in five Singaporeans are worried funds in their Central Provident Fund (CPF) retirement account will not be enough to meet their retirement needs, a fresh survey by Manulife showed.

About 60 per cent of those polled also said there should be more flexibility in fund withdrawal.

The grave anxiety over inadequate coverage in the twilight years comes because CPF contributors feel the savings will not be sufficient to cover retirement expenses, and that the returns are insuffi…

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