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Income Security Policy Division

The Income Security Policy Division (ISPD) supports MOM in achieving its goal of financial security for Singaporeans.


To enhance the financial security and financial well-being of Singaporeans.


A world class financial security system where Singaporeans are financially self-reliant.


As Singapore becomes an ageing population and undergoes economic restructuring, Singaporeans will increasingly face challenges such as job insecurity and longer life expectancy. Hence, Singaporeans need to be equipped with the tools and capabilities to meet their retirement needs and other financial goals.

Our work

ISPD works closely with the Central Provident Fund (CPF) Board, the Housing and Development Board (HDB), the Ministry of Education (MOE), the Ministry of Finance (MOF), Ministry of Health (MOH), Ministry of Social and Family Development (MSF), the Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS), to formulate and implement policies and initiatives to improve Singaporeans’ financial security and financial well-being.

Our work includes:

  • Strengthening the CPF system.
  • Developing tools to further support retirement adequacy.
  • Enhancing financial capability of Singaporeans.