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Investing CPF savings: Low-cost portfolios are now within easy reach

There has largely been silence since the Lifetime Retirement Investment Scheme was announced in 2016. All its ingredients are now available in the CPFIS

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Genevieve Cua

Genevieve Cua

Published Mon, Jun 5, 2023 · 06:00 AM
    • The Lifetime Retirement Investment Scheme was to simplify choices for members by offering simple, low-cost lifecycle portfolios.
    • The Lifetime Retirement Investment Scheme was to simplify choices for members by offering simple, low-cost lifecycle portfolios. PHOTO: KUA CHEE SIONG, ST

    FOR more than two decades, the idea of an institutional-style retirement investment scheme for Central Provident Fund (CPF) savings has provoked discussion and raised expectations.

    For a while, it seemed that the vaunted Lifetime Retirement Investment Scheme (LRIS), as recommended by a CPF panel in 2016, could be the answer for those who wish to invest their CPF savings for a higher rate of return than the default interest rates.

    The LRIS was to simplify choices for members by offering simple, low-cost lifecycle portfolios.

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