Central Provident Fund (CPF)

CPF top-ups increase 34% in first three quarters of 2020 - THE EDGE SINGAPORE

Financially Savvy

CPF top-ups increase 34% in first three quarters of 2020

The number of first-time toppers below 35 years old grew over 70% y-o-y.

Financially Savvy

CPF members under the Dependants' Protection Scheme to enjoy higher sum assured, increased coverage

The maximum age of coverage will be increased to cover members up to 65 years old at a lower sum assured of $55,000.

Funds

CPF Investment Scheme funds post average negative returns of 12.96% in 1Q20: Refinitiv Lipper

The overall performance of all Central Provident Fund Investment Scheme (CPFIS)-included funds slumped 12.96% on average in 1Q20 ended March, says Refinitiv’s Lipper on Tuesday.

Banking & finance

Broking a viable market

UOB Kay Hian has been involved in at least half of the Singapore IPOs. Choo points out that such a phenomenon is not new at all, and certainly not due to a new worry such as the Covid-19 outbreak.

In print this week

Mind the gig gap

SINGAPORE (July 29): In a Telegram group chat for Deliveroo riders, a member took a screenshot of his earnings generated through the food delivery platform. The screenshot shows that he makes more than $4,000 a month, similar to what many executives woul

Ageing

CPF not enough: How will elderly Singaporeans find the $1,379 a month needed to thrive?

SINGAPORE (June 14): Researchers in Singapore have determined that an elderly person living alone would need $1,379 every month to maintain a basic standard of living. But, how will they — and the rest of the ageing population — pay for it?

Ageing

Get ready to support older Singaporeans, one way or another

SINGAPORE (June 17): Researchers in Singapore have determined that $1,379, down to the dollar, is what an elderly person living alone would need every month to thrive in today’s Singapore. The sum covers an annual $500 holiday, budgets for one restauran

In print this week

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 “t

Singapore economy

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.

Investing strategies

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 s
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