Stellar 3rd quarter for CPF-approved funds

Sunday Times Singapore, Novemember 29, 2009, Sunday Buoyant stock market helps push CPFIS funds’ growth to 12.1% and unit trusts to 12.8% By Jonathan Kwok THE stock market rally has helped funds in the Central Provident Fund Investment Scheme (CPFIS) recoup all their losses over the past year and even add some gains. The third [...]

30,000 sign up for CPF Life

Straits Times Singapore, Novemeber 18, 2009 Wednesday                         By Zakir Hussain       MORE than 30,000 older CPF members have committed over $1.2 billion to a new annuity scheme since its launch two months ago. However, these opt-ins to the CPF Life scheme add up to [...]

Every CPF Life member will enjoy the same interest rate

Straits Times Singapore, Novemeber 16, 2009 Monday I REFER to last Friday’s letter by Mr Manuel Nathan, ‘State assured minimum sum for CPF Life’. CPF Life is designed to provide members with lifelong income. For greater stability in retirement income, Life monies are invested in special government bonds paying fixed coupon rates for longer periods than today. Life [...]

State assured minimum sum for CPF Life

Straits Times Singapore, Novemeber 13, 2009 Friday THE Central Provident Fund (CPF) Board has distributed informative pamphlets to senior citizens such as A Guide To CPF Life and CPF Life Monthly Payout For Life, which describe annuity options for CPF members. While seemingly attractive, the fine print states that the payout range is based on the CPF interest [...]

CPF-approved funds do well in second quarter

Straits Times Singapore, August 22, 2009 Saturday They show a 20% gain on average but year-on-year return falls By Gabriel Chen INVESTMENT funds approved by the Central Provident Fund (CPF) rallied along with global markets during the second quarter but if you invested at the height of the boom, you are still well under water. [...]

Need to strike balance between higher CPF payouts and longer duration: MOM

Straits Times Singapore, Novemeber 4, 2009 Wednesday   WE THANK Mr Richard Foo for his letter on Oct 27, ‘CPF Minimum Sum: Allow higher payouts’, and Mr Johnny Sim for his Forum Online letter last Thursday, ‘No word from CPF Board about higher payout request’, on payouts under the CPF Minimum Sum. Mr Sim visited the CPF Board [...]

CPF Life scheme should factor in inflation

Straits Times Singapore, October 31 , 2009  Saturday           IT IS disappointing that CPF Life’s payout rates will not factor in inflation. According to the Department of Statistics, one in two people aged 62 in 2006 will live beyond 85, and one in seven will live beyond 95 – 20 and 30 years, respectively, [...]

New scheme: What you need to know (CPFLife)

Sunday Times Singapore, October 18, 2009 Sunday   CURRENT SITUATION: When you reach 55, a CPF Retirement Account is created for you with savings from your Ordinary and Special accounts. The Retirement Account earns 4 per cent interest until the end of next year. After that, it will earn a weighted average interest on a portfolio of [...]

Close to 12,000 opt for CPF Life

Sunday Times Singapore, October 18, 2009 Sunday   Annuity scheme draws wide interest; Life Plus plan with higher payout most popular By Jamie Ee Wen Wei Madam Yeo chose the Life Basic plan so she would not have to depend entirely on her son for her expenses after she retires. As she is not a big spender, [...]