For subscribers
Use cash, not CPF, if you want to invest
Set aside a portion of monthly income to do so, instead of gambling with your personal reserve for old age
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Central Provident Fund (CPF) members were long able to use their funds to buy investment products such as annuities that would provide them a monthly payment for life, but that investing landscape all changed in 2009.
That was the year the CPF Board introduced its own life-long annuity scheme - CPF Life - and similar private products that were once sold to members slowly disappeared from the market.
