Category Archives: CPF

Double whammy for GIC: Manager of CPF monies hit by huge emerging market forex losses, coronavirus

Besides the Brazilian real, most emerging market currencies have depreciated against the S$.

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Former NMP Chia is right, CPF does not belong to members

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CPF: When will Singaporeans start to think?

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CPF retirement savings ‘invested’ in depreciating HDB lease = Saving for retirement? Educated Singaporeans easily fooled by PAP

CPF is meant for Singaporeans’ retirement. However, PAP has legislated almost 2/3 of monthly CPF contribution for housing, mostly for the purchase of a depreciating HDB lease. Retirement savings invested in depreciating lease = Saving for retirement? Or using CPF … Continue reading

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CPF in urgent need of revamp, will ultimately collapse from constant tweaking to delay payout

Most Singaporeans are aware that CPF scheme has failed. A scheme that works does not require frequent tweaks to delay payout. (see image below) A – Post independence, Singapore needed billions to finance infrastructure and HDB construction. With unchecked powers, … Continue reading

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