Email to PM Lee: “Are CPF monies managed by CPFB or loaned to the government, managed by GIC?”

From: Phillip Ang <phillipang63@gmail.com>
Date: Mon, Aug 5, 2019 at 5:41 PM
Subject: Fwd: Are CPF monies managed by CPFB or loaned to the government, managed by GIC?
To: PM LEE <LEE_HSIEN_LOONG@pmo.gov.sg>
Cc: <ceo@cpf.gov.sg>,  <bradley.bowyer@gmail.com>, HENG , SDP <sdp@yoursdp.org>, ST NEWS <stnewsdesk@sph.com.sg>, <research@swfinstitute.org>, TOC <theonlinecitizen@gmail.com>, TODAY <news@newstoday.com.sg>, JAYA , GER EAN , WP <organising@wp.sg>, <belina.tan@bloomberg.net>

 

Dear PM Lee

I refer to my emails to CPFB CEO and SWFI (enclosed).

The government has repeatedly stated that CPF monies are invested in SSGS and managed by GIC,

But according to SWFI data, CPF monies are managed by CPF Board.

I have queried SWFI and CPFB CEO but have yet to receive any reply after 2 months.

Is CPFB CEO aware of how our CPF is invested?

To assure CPF members that our monies are properly managed, CPFB should be able to clarify the following:
–  Does CPFB actively manage and invest members’ retirement funds in different classes of assets?
–  Or is our CPF loaned to the government and managed by GIC?

Hopefully, SWFI has made an error.

Thank you.

Regards

Phillip Ang

This entry was posted in CPF EMAIL, PM LEE, CPFB CEO, SWFI. Bookmark the permalink.

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