The Business Times
business-time-50

High fees fleece CPF members of investment returns

Sales commissions, high management fees eat into CPF savings

Published Sun, Feb 25, 2018 · 09:50 PM

    Singapore

    ONE of the recommendations from the CPF Advisory Panel in August 2016 was the dire need to review the CPF Investment Scheme (CPFIS). The scheme currently operates under a retail model.

    As a consequence, CPF members do not enjoy the economies of scale afforded by institutional retirement plans like those in the US, the UK or Netherlands, where the "all-in" fees for both private- and public-sector plans are kept to a minimum, and financial advisers are held to a high fiduciary standard.

    CPF

    TRENDING NOW

    Francis Yeoh, executive chairman of YTL, with Yeoh Pei Xien, vice-president of strategy and transformation at YTL Hotels, at The BTLuxe Edit – Future:Legacy symposium on Oct 28.

    From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures

    Anthony Lim, who will be taking over as chairman, spent 19 years at Singapore’s sovereign wealth fund GIC.

    Things to know about DBS’ incoming chairman Anthony Lim

    Yields on Indonesia’s benchmark 10-year government bonds stood at around 7.75 per cent on Tuesday (Nov 3).

    Wealthy Indonesians snap up government bonds as yields near 8%: OCBC

    SixSense’s AI-powered platform helps GlobalFoundries engineers identify and classify chip defects, reducing the time needed to review wafers.

    From local AI partnerships to global opportunities: How MNCs help Singapore firms scale

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More