Private pension plans 'no walk in the park': DPM

[SINGAPORE] The Singapore government has not closed the door on allowing Central Provident Fund (CPF) members to use their CPF monies for private pension plans.

Deputy Prime Minister Tharman Shanmugaratnam said yesterday that such plans remain an option for the future, even as the government continues to look into ways to enhance the CPF scheme.

He cautioned, however, that private pension plans "will not be a walk in the park", as riskier plans have not always resulted in higher returns.