Friday, October 14, 2011

A better yield for CPF members

In 2004, Lee Hsien Loong, the then Finance Minister, promised a better yield for CPF members by introducing private pension schemes. This suggestion was covered in this report. http://tankinlian.com/admin/file.aspx?id=575.  If he had followed through with his suggestion, Singaporeans would have been better off today.
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2 comments:

  1. AnonymousOctober 14, 2011 1:29 PM

    CPF should stop allowing insurance agents to 'invest' for their CPF members. What do they know about investment? They are salesmen who push CPFIS products to make commission They don't add value.

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  2. SimplyTerrorOctober 21, 2011 3:51 PM

    I remember the private pension scheme proposals. But I also remembered that no private insurance/investment companies came forward with retail products. But then again, from the insurance companies' perspective, a perpetual annuity (a pension scheme) has limited upside and potentially unlimited downside (what if the uncle/auntie live forever!!??)

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