The board of Singapore's Central Provident Fund has this week closed a tender from invited consultants to turn the vision of a 'low-cost private pension plan' into concrete proposals. The winning consultant is expected to be announced in the next few weeks. Although the specifics of the tender's scope and nature remain confidential, interviews with knowledgeable sources both in government and in the private sector can draw an image of what changes can be expected.
This activity stems from a high-level Economic Review Committee report released this summer that sets a path across many economic and financial fronts to boost Singapore's competitiveness. One important plank was reforming the CPF, which is responsible for citizens'...
