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+--- Thread: Temasek recorded ROI 24.5% previous year, why CPF CEO pays 2.50% pa only to members? (/Thread-Temasek-recorded-ROI-24-5-previous-year-why-CPF-CEO-pays-2-50-pa-only-to-members)
Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? Obviously - Scythian - 06-08-2022
Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance?
@2.5% pa is ridiculous low by any market standards
As Compare to 30 years IRS.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Napoleon Porlumpar - 06-08-2022
(06-08-2022, 09:14 AM)Scythian Wrote: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance?
@2.5% pa is ridiculous low by any market standards
As Compare to 30 years IRS.
if increase interest..................compound interest some more................CPF will collapse sooner.................it will collapse for sure in any case.............
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - singlon - 06-08-2022
Not working anymore. Inflation is terrible
How to raise?
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - talky - 06-08-2022
(06-08-2022, 09:14 AM)Scythian Wrote: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance?
@2.5% pa is ridiculous low by any market standards
As Compare to 30 years IRS.
v serious question n valid
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 10:48 AM)talky Wrote: v serious question n valid
Today, GIC is under Tremendous stress
Any CPF rates hike will stretch GIC even further
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - teaserteam - 06-08-2022
U hv been talking bad about CPF system for yrs. advise is to Google or seek expert advise 4 answers. CPF is complex & sensitive system. Making changes will affect pple & country’s condition. Increasing CPF Interest will affect those pple borrowing CPF money etc. & affect economy system.
Presently CPF was ranked TOP in Asian country with some areas to b improve. Know u want them to b the best in the world. Give them some time to improve lah
https://www.mercer.com.sg/newsroom/global-pension-index-2020-singapore.html
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Ola - 06-08-2022
Just pull out reports from other developed countries
they are giving out higher benefit amount this year due to
high inflation rates
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 01:47 PM)Ola Wrote: Just pull out reports from other developed countries
they are giving out higher benefit amount this year due to
high inflation rates
CPF Board scared to raise interest rates any old how W/O consultation
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 10:48 AM)talky Wrote: v serious question n valid
In India, ROI between 18% and 25,%
A huge margin against 2.5%
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 11:54 AM)teaserteam Wrote: U hv been talking bad about CPF system for yrs. advise is to Google or seek expert advise 4 answers. CPF is complex & sensitive system. Making changes will affect pple & country’s condition. Increasing CPF Interest will affect those pple borrowing CPF money etc. & affect economy system.
Presently CPF was ranked TOP in Asian country with some areas to b improve. Know u want them to b the best in the world. Give them some time to improve lah
https://www.mercer.com.sg/newsroom/global-pension-index-2020-singapore.html
Minister Josephine Teos reports
"Breakdown of members receiving RSS and/or CPF LIFE payouts1 (Dec 2018)
Age band
No. of members
Average monthly payout
65-69
116,000
$450
70-79
130,000
$290
80-87
19,000
$220"
https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2019/0218-written-answer-by-mrs-josephine-teo-minister-for-manpower-to-parliamentary-question-on-cpf-payouts#:~:text=Breakdown%20of%20members,%C2%A0%24220
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - revealer - 06-08-2022
(06-08-2022, 07:00 PM)Scythian Wrote: Minister Josephine Teos reports
"Breakdown of members receiving RSS and/or CPF LIFE payouts1 (Dec 2018)
Age band
No. of members
Average monthly payout
65-69
116,000
$450
70-79
130,000
$290
80-87
19,000
$220"
https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2019/0218-written-answer-by-mrs-josephine-teo-minister-for-manpower-to-parliamentary-question-on-cpf-payouts#:~:text=Breakdown%20of%20members,%C2%A0%24220
These must be older folks that do not have much CPF after having paid their HDB housings, medical expenses etc. What about the younger ones?
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 07:51 PM)revealer Wrote: These must be older folks that do not have much CPF after having paid their HDB housings, medical expenses etc. What about the younger ones?
These pensioners have gone thru the best economic growth in 70s, 80s and 90s while HDB prices still affordable.
The younger generations cannot match the past few generations
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
With CPF Board management restricted to only buying Govt S$ Bonds from MAS, it has failed to fulfill the basic Pension Funds responsibility of maximize returns for members retirement.
With more than 200 commercial banks, majority bought Singapore Govt Bonds as Liability Base requirements rather than for .investments. -
Becoz It's lower % than interbank interest rates.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - teaserteam - 06-08-2022
(06-08-2022, 08:03 PM)Scythian Wrote: These pensioners have gone thru the best economic growth in 70s, 80s and 90s while HDB prices still affordable.True many of them r asset rich and money poor. Many r self employed so not much CPF. If they sell their assets, they might b richer than the younger 1.
The younger generations cannot match the past few generations
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
..iF CPF Board considered investing all our CPF Savings in Govt Bonds as best profit returns.
Why over 200 commercial banks, very few (or none) of them buy Singapore Govt S$ Bonds as investment?
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 08:30 PM)Scythian Wrote: ..iF CPF Board considered investing all our CPF Savings in Govt Bonds as best profit returns.
Why over 200 commercial banks, very few (or none) of them buy Singapore Govt S$ Bonds as investment?
CPF Board management had failed their duties and responsibility.
Rather, They should use Norwegian Pension Funds Yearly ROI as their benchmark.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Symmetry - 06-08-2022
This whole Govt is just using Democracy as a frontline of defence for GIC/ Temasek interest and say this is some kind of honesty which is unclear and not transparent.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - teaserteam - 06-08-2022
(06-08-2022, 06:54 PM)Scythian Wrote: In India, ROI between 18% and 25,%
A huge margin against 2.5%
If so good, how come so Low ranking?
https://www.business-standard.com/article/economy-policy/indian-pension-system-ranked-40th-among-43-systems-mercer-study-121101901461_1.html
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 08:48 PM)teaserteam Wrote: If so good, how come so Low ranking?
https://www.business-standard.com/article/economy-policy/indian-pension-system-ranked-40th-among-43-systems-mercer-study-121101901461_1.html
PM Lee says India, the land of opportunities.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 08:48 PM)teaserteam Wrote: If so good, how come so Low ranking?
https://www.business-standard.com/article/economy-policy/indian-pension-system-ranked-40th-among-43-systems-mercer-study-121101901461_1.html
India is a 3rd world country
There's country risk and as well as currency exchanges exposure.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - teaserteam - 06-08-2022
(06-08-2022, 08:52 PM)Scythian Wrote: PM Lee says India, the land of opportunities.
Suggest you move there since it is so good.
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 06-08-2022
(06-08-2022, 08:55 PM)teaserteam Wrote: Suggest you move there since it is so good.
Hahaha
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 07-08-2022
(06-08-2022, 08:48 PM)teaserteam Wrote: If so good, how come so Low ranking?
https://www.business-standard.com/article/economy-policy/indian-pension-system-ranked-40th-among-43-systems-mercer-study-121101901461_1.html
"WHO said in the land of the blind the one-eyed man is king?"
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 02-09-2022
..
Why Today, Banks FD rates are higher than CPF interest rate of 2.5,,% pa ?
Obviously, CPF Board is daylight robbery
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Notdumb - 02-09-2022
LKY time was 6% until his useless son took over!
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - teaserteam - 02-09-2022
(02-09-2022, 09:25 PM)Notdumb Wrote: LKY time was 6% until his useless son took over!
That must be before 1985..
![[Image: Screenshot-2022-09-02-223051.jpg]](https://i.ibb.co/KK61J2F/Screenshot-2022-09-02-223051.jpg)
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - ArielCasper - 02-09-2022
(06-08-2022, 11:54 AM)teaserteam Wrote: U hv been talking bad about CPF system for yrs. advise is to Google or seek expert advise 4 answers. CPF is complex & sensitive system. Making changes will affect pple & country’s condition. Increasing CPF Interest will affect those pple borrowing CPF money etc. & affect economy system.
Presently CPF was ranked TOP in Asian country with some areas to b improve. Know u want them to b the best in the world. Give them some time to improve lah
https://www.mercer.com.sg/newsroom/global-pension-index-2020-singapore.html
And why should those who did not borrow CPF money cares about Increasing CPF Interest will affect those pple borrowing CPF money. As for affecting economy system, that sound like what PAP will say to scare ppl..
Bottomline is govt want to play like an INC.. Good time when interest rate is low, tell us must peg to SIBOR..
Now interest rate go up already, will tell us no more INC... need to care about pple borrowing CPF money etc. & affect economy system.. Everything govt wins..
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - [[ForeverAlone]] - 02-09-2022
Now they going to promote on TV , last week CH 8 8PM the program is promote CPF via money sense zzzz
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Blasterlord2 - 03-09-2022
CPF rate goes up -> loan rate goes up ->cooling of property. Isn't this a good way of taming speculation?
RE: Is CPF afraid to raise interest @ 2.5% pa that could lower GIC performance? - Scythian - 03-09-2022
(03-09-2022, 12:04 AM)Blasterlord2 Wrote: CPF rate goes up -> loan rate goes up ->cooling of property. Isn't this a good way of taming speculation?
In Australia, workers superannuation (pension fund) average ROI 9.20% while bank housing loan @ 3.25% pa.
It's technically unrealistic or wrong for CPF CEO to peg housing mortgage rates to investing of CPF Savings. Why?
Then, CPF Board CEO and management (lazy and incompetent) will never put an effort to maximise returns for members future retirements.
Taboos