Historical policy record
This article explains the CPF Advisory Panel’s 2015/2016 document. Amounts, account arrangements, projections and recommendations below belong to that publication, not current CPF entitlements, interest quotations or an investment offer. Check current CPF Board rules for an individual decision.
Final terms of reference
The chairman submitted Part Two to Lim Swee Say after Part One had been accepted in February 2015 and implementation work began in January 2016. The letter proposes an additional escalating CPF LIFE option and a simpler investment route for members willing to accept risk but lacking time or expertise for active management.
Consultation and design trade-offs
The panel considered public feedback, financial-industry and academic views and independent investment analysis. Simplicity, diversification, long-term investment and low fees guided the proposed Lifetime Retirement Investment Scheme. The letter concludes the two-year review and thanks contributors; it does not itself open an investment account or establish a product’s availability.