Oral Answer to PQ on CPF Lifetime Retirement Investment Scheme

NOTICE PAPER NO. 315 OF 2025 FOR THE SECOND AVAILABLE SITTING

QUESTION NO. 972 FOR ORAL ANSWER

MP: Mr Shawn Loh

To ask the Minister for Manpower what are the considerations to implement the CPF Lifetime Retirement Investment Scheme, accepted by the Government in 2016, given that a typical investment portfolio of 65% equities and 35% bonds has earned 9.5% returns per annum over the past 5 years, and delaying the scheme's implementation may deprive CPF members an option to take risks to earn higher expected returns.

Answer:

1. The Ministry of Manpower is in the final stages of studying how we can provide further support to CPF members to plan for their retirement through products that would strike the right balance between risk and return. We will provide updates when ready. In the meantime, members who wish to invest their CPF savings for potentially higher returns can already do so through a number of low-cost funds under the CPF Investment Scheme.