Central Provident Fund (CPF)

Early CPF withdrawals indicate anxiety; more nest eggs needed for future
SINGAPORE (Sept 10): It will be more than a decade from now before Tee, 43, can withdraw some cash from her Central Provident Fund (CPF) savings, but she has already made up her mind. Once she turns 55, the electrical engineer hopes to withdraw up to “tens of thousands” of dollars from her Ordinary Account (OA) and Special Account (SA) savings. This is the milestone age when the Retirement ...
Singapore's CPF ranked 9th pension fund in the world
SINGAPORE (Sept 3): Singapore’s Central Provident Fund ranked 9th in the global provision fund, according to the latest global 300 research from Willis Towers Watson’s Thinking Ahead Institute. The city state maintained its position from the previous year with its assets amounting to US$269.1 billion ($369 billion). This year, Asia featured prominently with a total of seven pension ...
6 ways Singapore has set the bar for developing deep capital markets
SINGAPORE (April 12): Many emerging market (EM) policymakers are still struggling with the hurdles of implementing the changes required to create vibrant and well-performing capital markets, despite understanding how important it is to do so in order to support the real economy. According to McKinsey & Company, the challenges range from limitations in private sector engagement, to vicious ...
CPF now among the top 8 pension funds in the world
SINGAPORE (Sept 6): Singapore’s Central Provident Fund (CPF) has leapfrogged over Canada Pension and PFZW of the Netherlands to become the eighth-largest pension fund in the world, with assets worth some US$211.4 billion ($286.8 billion) as at Dec 31, 2015. This is according to research released on Monday by US investment newspaper Pensions & Investments and global advisory firm Willis ...