In a recent article, Invest editor Lorna Tan provided a whole broad range of information regarding the various Central Provident Fund schemes (Revisit your CPF options to get the best out of them; Jan 27).
The details of the schemes are confusing and tough to comprehend. I may even have to engage a financial consultant just to understand the details of the various CPF schemes.
I would never have imagined that a simple system started more than half a century ago could become so complex.
When there are mixed objectives, the outcomes can be perplexing for ordinary folks.
I urge the authorities to keep it simple.
Parsimony is the key to effective public administration.
Thomas Lee Hock Seng (Dr)