|
Singapore - Shelves plans for private pensions
Three years ago a government led economic restructuring panel recommended that Singaporeans be allowed to withdraw money from the Central Provident Fund (CPF) and invest their retirement savings through privately managed pension plans to help boost returns.
However, Global Pensions reports that Ng Eng-Hen, the minister of manpower, recently told parliament that Private Pension Plans (PPPs) would not be implemented after consultations.
The decision follows the postponement of the introduction of PPPs last year.
Source: Global Pensions
|
