[Scythian]

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Since GIC is the Ultimate recipient and usage of funds, there's no needs for both middlemen IE CPF Board and MAS to get involved..

Directly, GIC still can promise and guarantee 2.50% interest payment to CPF members too.

Why must they make it so complicated with such a low interest rate/and poor return?

[Scythian]

.
Since GIC is the Ultimate recipient and usage of funds, there's no needs for both middlemen IE CPF Board and MAS to get involved..

Directly, GIC still can promise and guarantee 2.50% interest payment to CPF members too.

Why must they make it so complicated with such a low interest rate/and poor return?

Only CPF Board and MAS can guarantee CPF savings is safe and interest rate @2.5% payment BUT not GIC.

WTF is that?

[Scythian]

"Said Mr Tharman: "While the CPF doesn't provide the highest returns, it provides one of the safest in the world. And these are fair returns."

Turning to how the funds are invested, he said that CPF funds are used to buy special bonds that offer a guaranteed payout.

The money that is invested in these bonds is then deposited with the Monetary Authority of Singapore, and managed by fund manager GIC, as part of a larger pool of the Government's funds.

"This allows the GIC to invest for the long term, including investing in riskier assets such as equities, real estate and private equity," said Mr Tharman.

He noted that if CPF funds were held separately as a stand-alone fund, the GIC would have to manage it more "conservatively" to avoid the risk of failing to meet its interest obligations"

"Only CPF Board and MAS can guarantee CPF savings is safe and interest rate @2.5% payment BUT not GIC, the sole recipient and usage of funds....

WTF is that?"