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CPF Board should take interest rate risk exposure rather than 4.1 mio CPF members.
The Govt guaranteed 2.50% interest becomes invalid when prevailing special SGS Bond yields and derivatives are much higher.
Why should CPF members subjecting themselves to interest rate risk exposure?
(This post was last modified: 19-10-2022, 06:35 AM by
Scythian.)
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Till now, still act blur, never increase CPF rate.
There shd be an option allowing CPF members to put their CPF OA $$$ into higher bank fixed deposit since CPF couldnt guarantee good return.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
>
(This post was last modified: 19-10-2022, 06:41 AM by
RiseofAsia.)
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(19-10-2022, 06:32 AM)Scythian Wrote: CPF Board should take interest rate risk exposure rather than 4.1 mio CPF members.
The Govt guaranteed 2.50% interest becomes invalid when prevailing special SGS Bond yields and derivatives are much higher.
Why should CPF members subjecting themselves to interest rate risk exposure?
This should be the jobs of CPF Board in-house Capital market traders and Govt securities experts.
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(19-10-2022, 06:36 AM)RiseofAsia Wrote: Till now, still act blur, never increase CPF rate.
There shd be an option allowing CPF members to put their CPF OA $$$ into higher bank fixed deposit since CPF couldnt guarantee good return.
As unprofessional as it seems,. CPF CEO got the cheek to post this on official website:
""2.5% per annum
The OA interest rate will be maintained at 2.5% per annum from 1 October 2022 to 31 December 2022"
CPF.gov.sg"
Note
What a shame?
(This post was last modified: 19-10-2022, 06:52 AM by
Scythian.)
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(19-10-2022, 06:36 AM)RiseofAsia Wrote: Till now, still act blur, never increase CPF rate.
There shd be an option allowing CPF members to put their CPF OA $$$ into higher bank fixed deposit since CPF couldnt guarantee good return.
By suppressing and maintaining prolonged unrealistic low interest @ 2.50%, CPF Board of Directors should consider compensating 4.1 members lost of earnings ..
CPF Board must absorb the losses asap before it gets worse.
Basing on 3 months interest rates rather than investment ROI has proven, today's CPF Board model kaput.
(This post was last modified: 19-10-2022, 07:44 AM by
Scythian.)