Tag: CPF

CPFIS funds delivered 1.32% on average in Q4

Thomson Reuters Lipper today said all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) rose 1.32% on average in the fourth quarter of last year.Specifically, CPFIS-included unit trusts increased 2.36% and CPFIS-included ILPs rose...

Is Your Retirement Nest Egg Really Enough?

How much do you really need to retire?A simple search among financial institutions recommends a retirement nest egg that’s nearly close to a million dollars. But for most of us, our savings are far, far less – and a hefty, seven-figure recommendation tempts us...

Singapore’s employment rate, median income up in 2014

By HR ASIA SINGAPORE: With more women and elderly joining the labour force, Singapore's resident labour force participation rate rose for the third consecutive year to a record 67 per cent, the Ministry of Manpower (MOM) said on Friday (Nov 28). According to...

Singaporeans Share Some of Their Worst Money Fears and it’s Not Pretty

Singapore
Singaporeans are an angry bunch, or at least that's the way it looks on the Internet. Nary a day goes by without thousands of Internet trolls lashing out on forums and hoards of bloggers making impassioned posts about the sorry state of their lives.And...

PM Lost The Chance To Sell A Dream

By Ethan GuoLast year it was the jewel at the airport. This year, it’s the makeover of the zoo and bird park.I appreciate that our Prime Minister doesn’t always have something big to announce, but it’s also not every day that your every man...

Greater Awareness for Financial Literacy Amongst Singapore Citizens

In a recent online discussion hosted by Mendaki, some interesting questions were asked in regard to the overall financial awareness of Singaporeans and in specific the Malay community. The fact that the online discussion covered this topic was no surprise. With recent changes to...

The CPF Mismatch

By Ethan GuoThe situation with the CPF makes me sad. When even retirees who’ve trusted in and voted for the government turn up at Hong Lim Park, you know something must’ve gone seriously wrong.So is the CPF system really screwed up or does it...

Why CPF is Failing

By Eric TanWhen the PAP inherited the CPF system from the British, they did not change the basic flaw in the system, which was to allow members to withdraw all the funds when they reached the then retirement age of 55. Later in the...

PM Fails As A Financial Planner

The  PM tried to play financial planner during his rally speech on Sunday and failed.  His advice for a fictitious Mr Tan just fell flat after it was examined by an associate professor of the Lee Kuan Yew School of Public Policy in an...

CPF: Moving forward

Excerpt from a commentary by NMP Laurence Lien in the Straits Times on the CPF controversy where he argued for more transparency and an improvement in the perceived lack of public accountability. Transparency breeds trust, he wrote:“Apart from more transparency, I believe the Government...