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I REFER to Mr Thomas Mathew Koshy's letter on Wednesday, 'CPF investment funds: Move them more quickly'.
The current arrangement of automatic refund by agent banks to members' CPF accounts after two months of inactivity is set to accommodate the typical trading patterns of most CPF investors. CPF members who would like to effect an earlier return of their funds to their CPF accounts could do so via ATM, phone banking or Internet banking (for UOB CPF investment account holders only).
This information is stated in the agent banks' monthly statements to CPFIS investors and on the CPF website.
Lo Tak Wah Director Retirement and Investment Schemes CPF Board
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