As CPF fund manager prepares for low investment returns, PAP may remove the 2.5% CPF floor rate
GIC has predicted its own poor performance for the next decade: “.. real returns are expected to come in at around 1 to 2 per cent over the coming decade.” With inflation at about 2 to 3%, this means GIC is expecting to earn between 3 and 5% for the next 10 years. Since CPF interest rates are between 2.5% to 5%, this would...
Talking cock about Return Our CPF
Cybernuts, from Mad Dog Chee to Philip Ang, regularly point out GIC’s and Temasek’s “losses” as evidence for the real reason why the PAP administration intriduced the “Minimum sum” scheme and CPF Life: Temasek, GIC lost money, resulting in a shortfall of funds if CPF can be withdrawn at 55. I’ll quote two of the...
With all the pock kai CPF investments and UBS loss, GIC’s 6% long-term returns questionable
Singaporeans should think and question the management of our CPF. Why is GIC able to pay CPF members only about 3% returns (on average) when across the causeway, Malaysia’s EPF has been paying 6% for the last 20 years? Why is GIC’s management of our $328 CPF not accountable to Parliament but a PAP-friendly President?...
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