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Singapore’S Cpf Retirement Scheme: Delivering More Bang For The Buck, Knowledge@Smu
Singapore’S Cpf Retirement Scheme: Delivering More Bang For The Buck, Knowledge@Smu
Knowledge@SMU
Singapore’s Central Provident Fund (CPF) is one of Asia’s oldest and best known defined contribution retirement schemes. As the country rapidly ages, government policymakers are paying close attention to whether its citizens and residents are saving enough for retirement. Benedict Koh, Olivia Mitchell and associates recently prepared two working papers which examine the CPF Investment Scheme (CPFIS) as well as its potential to adequately support members in retirement.
Managing Retirement Risk In An Ageing World: The Global Picture, Knowledge@Smu
Managing Retirement Risk In An Ageing World: The Global Picture, Knowledge@Smu
Knowledge@SMU
According to HSBC’s 2007 global retirement study, most retirees in their 60s and 70s are living healthy, happy and productive lives. However, as the world rapidly ages, most pre-retirees are surprisingly unconcerned about how they will cope in their retirement. In Part 1 of a 2-part article, Olivia Mitchell, Wharton professor of insurance and risk management, who is also a chaired professor at Singapore Management University, cautions that these people might be living with a false sense of security, and could face a rude awakening when it is too late to do anything about it.