TR EMERITUS

Call me pedantic but just like to add a few points and suggestions to "Does complex CPF funneling into bonds then reserves result in retirement adequcy?" post by Roy Ngerng. By the way, contrary to what some are suggesting - we are not squabbling. Read his post properly. The "funnelling of CPF funds" thingy inferred by Roy... 

Following the Chilcot Report last Wednesday, the former Deputy Prime Minister of Britain John Prescott now believes that the Iraq War was illegal. He had previously voted in favour of the war. Another former UK Cabinet Minister also accused Tony Blair of “twisting the facts”. Meanwhile, the Sunday Times (July 7) reveals... 

(In reference to Chris Kuan’s article ‘In political rhetoric Roy Ngerng conflates “reserves” with “CPF”.’)  - I do not agree with the complex funnelling of the CPF funds into SSGS bonds, and then into the reserves and the GIC/Temasek Holdings. The funnelling removes the basic essence that the government is using...