The Central Provident Fund investment schemes

Abstract

The CPF Scheme is to enable CPF members to be financially independent after they retire. With statistics pointing to the ageing of the Singapore population, the CPF Scheme has a great significance and impact on Singapore. An important part of the CPF Scheme is the investment scheme whose main objective is to enable the CPF members to enhance their CPF savings. Since the inception of the CPF investment scheme, the CPF Board has twice revised the investment scheme, with the latest revision to CPFIS made on 1 January 1997. The purpose of the CPF Board is to encourage more CPF members to invest their CPF savings. This is in line with the government's objective to nurture Singaporeans to become a more sophisticated investing public.