CPF: PAP govt recycles hot air, & smoke all over again

[Confuseous]

Deputy Prime Minister Tharman Shanmugaratnam said earlier this week that the government would explore the option of private pension plans for the CPF for those who are able to take higher risk. But he also warned that private pensions “will not be a walk in the park”, as higher risk did not always translate into higher returns. (BT 24 July)

Here we go again. Time for civil servants and fund manager marketers to reopen their files from the early noughties.

As BT reported, Industry anticipation of the prospect of private pension plans for the CPF was intense in 2004. Such plans were mooted as a means to enhance returns and lower costs for CPF members.

Private pension plans were envisioned as balanced or mixed-asset portfolios which would be farmed out to the private sector to be managed on an institutional basis. The ideal scenario was that there would be no sales charge, and annual fees would be reduced to a fraction of the prevailing fees … In 2004, estimates of the fund size needed for an expense ratio of 50-75 basis points ranged from S$200-300 million to as much as S$1 billion*.

In 2007, the government said the CPF’s....http://atans1.wordpress.com/2014/07...again-all-part-of-the-wayang-to-diastract-us/

 

[escher]

HANG ALL THOSE PAP BASTARDS INSTEAD OF LISTENING TO THEM.
HOW MANY TIMES MUST YOU BE LIED TO BEFORE YOU STOP BELIEVEING THEM?
10 TIMES?
A HUNDRED TIMES?
A THOUSAND TIMES?

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.