SINGAPORE (Aug 22): After years of getting burnt by volatile markets, Central Provident Fund investors are finally being offered a simple and cost-effective national investment scheme.

The Lifetime Retirement Investment Scheme (LRIS) aims solve the investment woes of CPF members, who have persistently earned meagre returns under the CPF Investment Scheme (CPFIS), which levies lofty transactional fees.

LRIS will allow CPF members to earn higher expected returns by taking on some investment risk through a small number of well diversified, passively managed, low-fee, no-load funds.

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