Categorized | Business

Tags : ,

CPF was the most widely used provident fund in 2013

Posted on 19 February 2014

CPF said they aim to be the preferred choice of provident fund for Singaporeans for years to come.

cpf-logo

The Central Provident Fund (CPF) has come up tops for the 48th year running as the preferred provident fund for Singaporeans’ to store their forced savings.

This is according to a recent study commissioned by the authorities, which found that Singaporeans are putting most, if not all, their forced savings into the CPF only.

This makes the CPF the most trusted and best place to store hard earned money.

A spokesperson for CPF, Jin Zhuay Lui, said: “CPF is honoured to be the preferred choice of provident fund for Singaporeans to save their hard earned money so that they can use it later to buy HDB flat and pay for hospitalisation bills.”

“CPF will continue to do good work in being the number one provident fund in Singapore. We humbly accept this title as the most widely used provident fund and we will continue to be the only option for Singaporeans to consider when they think about where to put their forced savings.”

This news comes hot on the heels of a recent finding, which stated that Singaporean media consumers are spending the most time watching MediaCorp TV.

This post was written by:

- who has written 2587 posts on New Nation.

Wang Pei can be considered a new citizen of Singapore. She has been here all her life, just that her environment's changed beyond recognition.

Contact the author

  • Pingback: CPF was the most widely used provident fund in 2013 - www.hardwarezone.com.sg

  • Kumar Kumar

    so if people are using up their cpf and temasek and gic also using it. should be empty by now right?

  • Korky

    Inside news is that Samsung is to collaborate with MediaCorp in developing a SMART TV that is smart enough to auto-switch channels back to MediaCorp’s channels. We can expect the rating to be higher next year.

Trending Travel Videos