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.