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World's 3rd largest financial centre pension funds uses average 3Month Banks FD for fixings $400 billions AuM.
As CPF members, Is that logical?
CPF Board Annual Statements shows nothing on Assets " Banks Fixed Deposits"
(This post was last modified: 22-10-2022, 07:01 AM by
Scythian.)
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(22-10-2022, 06:52 AM)Scythian Wrote: World's 3rd largest financial centre pension funds uses average 3Month Banks FD for fixings $400 billions AuM.
As CPF members, Is that logical?
CPF Board Annual Statements shows nothing on Assets " Banks Fixed Deposits"
Lol..
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(22-10-2022, 08:33 AM)Scythian Wrote: Lol..
U siao liao ah? Ownself say ownself laugh.
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(22-10-2022, 09:25 AM)winbig Wrote: U siao liao ah? Ownself say ownself laugh.
Crazy lah..
It's nonsense, CPF management any old how using non-related commercial Banks FD rates for fixing national pension funds interest rate..
Ridiculous .. never heard of such practice at all.
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(22-10-2022, 09:25 AM)winbig Wrote: U siao liao ah? Ownself say ownself laugh.
Looks professional
Use 6 months SIBOR (to fix for 3 months OA rate) at least not too bad, no one will laugh..lol
Otherwise, best to use average 5y and 10y SGS Bonds yield to fix for OA 3 months.
(This post was last modified: 22-10-2022, 06:22 PM by
Scythian.)
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Show us your warning letter to CPF CEO and MOF.
![](https://i.imgur.com/CLvY2jA.png")
