INCREASING NUMBER OF SINGAPOREANS ARE TOPPING UP CPF ACCOUNTS OF THEIR LOVED ONES.

S Ramesh of Channel News Asia reported that an increasing number of Singaporeans are topping up the CPF accounts of their loved ones: The number of Singaporeans taking part in the Minimum Sum Topping-Up scheme last year rose 24 percent compared to 2009, says the Central Provident Fund Board. For the Tan brothers, the well-being … Continue reading

SURVEY FINDS THAT CPF SAVINGS ARE INSUFFICIENT FOR RETIREMENT.

Travis Teo of Channel News Asia reports that Singaporeans believe that they will have to work for as long as they can to supplement their retirement income. This is according to a survey by Citibank Singapore. The bank added that respondents think their CPF savings are insufficient to support them through retirement. According to the … Continue reading