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Retirees should consider CPF LIFE first to avoid investing in unsuitable products
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Many retirees file claims against financial institutions annually after they buy products that cause them to lose their savings.
PHOTO: FIDREC
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SINGAPORE – Those who want to but don’t know how to plan for a retirement income should make a trip to the Central Provident Fund Board first because doing so can save them from buying unsuitable private products that can end in losses.
On average, a few hundred people will end up filing claims against financial institutions annually after they buy risky investments that cause them to lose their savings.
