CPF Advisory Panel seeks public views on alternative investment choices

The feedback received will be taken into consideration when the panel deliberates on its second set of recommendations, which it aims to submit later this year.
The feedback received will be taken into consideration when the panel deliberates on its second set of recommendations, which it aims to submit later this year.PHOTO: ST FILE

SINGAPORE - The CPF Advisory Panel will be holding two focus group discussions to gather public views on alternative investment choices, the Ministry of Manpower said on Thursday.

The sessions, on July 29 and Aug 15, will seek views on how to provide greater flexibility for CPF members who wish to seek higher returns and are prepared to take bigger investment risks, through private investment plans.

The feedback received will be taken into consideration when the panel deliberates on its second set of recommendations, which it aims to submit later this year.

Its first set of recommendations - on future adjustments of the retirement sum, and the issue of lump sum withdrawals - was submitted in February.

The CPF Advisory Panel was formed in Sept 2014 to study enhancements to some key aspects of the CPF system, to make it more flexible to meet the needs of Singaporeans and provide additional options in retirement.

More details of the sessions are available at www.cpfpanel.sg. Written feedback can also be submitted at cpf_panel@mom.gov.sg.