CPF rated highly by overseas experts

Singapore's CPF is tops in Asia, ahead of Hong Kong (15th), Malaysia (17th), South Korea (29th), China (30th) and Japan (31st).
Singapore's CPF is tops in Asia, ahead of Hong Kong (15th), Malaysia (17th), South Korea (29th), China (30th) and Japan (31st).ST PHOTO: KUA CHEE SIONG

Its No. 7 spot on global list would improve if it raises withdrawal age

A group of overseas financial experts have again confirmed what many Singaporeans already know - that the Central Provident Fund (CPF) is one of the world's best retirement schemes.

The Melbourne Mercer Global Pension Index 2019, which studies retirement schemes of 37 countries, put Singapore's CPF at No. 7, behind the Netherlands in first place, followed by Denmark, Australia, Finland, Sweden and Norway.

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A version of this article appeared in the print edition of The Sunday Times on August 09, 2020, with the headline 'CPF rated highly by overseas experts'. Print Edition | Subscribe