Singapore changes fund rules to boost investment

Changes to the CPF next year could inject more than S$37 billion into the fund management industry.

The Singapore government has announced major changes to the Central Provident Fund CPF scheme this week aimed at discouraging workers from using a large part of their retirement savings on purchasing a home. The move could in theory release more than S$37 billion $21.5 billion for investment, with fund managers the most likely winners.

Singapore's retirement system may seem complex at first glance. But from the government's point of view it is designed to look after the whole adult...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: singapore | changes | fund | rules | boost | investment

Print Edition

FinanceAsia Print Edition

EVENTS