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Investors could have more ways to grow retirement funds with plans for new SRS products in 2024
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DBS, OCBC and UOB have proposed a framework which lays out the criteria for new SRS product providers to come on board.
ST PHOTO: KEVIN LIM
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SINGAPORE – The range of investment products eligible for the Supplementary Retirement Scheme (SRS) may be broadened to give investors more options to grow their retirement nest eggs.
The three local banks that run the scheme – DBS, OCBC and UOB – have proposed a framework that lays out the criteria for new SRS product providers to come on board. The framework also sets out guidelines for managing SRS product providers to ensure fair competition in the space.
