23 Aug '11, 2am

CPF Nomination Loophole

As a followup to this story about missing CPF money , my colleague Wilfred emailed the CPF board to confirm their policy regarding the confidentiality of nominees. This is what he received: As the Board is under a duty to CPF members to maintain the confidentiality of the information belonging to our CPF members hence we do not release confidential information of a deceased’s CPF nomination. The information of the deceased’s beneficiaries is confidential to the next beneficiary(ies). Therefore, the beneficiaries will not be identified with each other as we will contact the deceased’s beneficiary(ies) directly. This is a very serious loophole. What is there to prevent a rogue agent at CPF board from making a fake nomination and making off with someone else’s money? Dead man tell no tales and without knowing where the money went to, it is even harder for the deceased next of...

Full article: http://thefinance.sg/2011/08/23/cpf-nomination-loophole/

Why young people should NEVER invest their CPF ...

thefinance.sg 18 Aug '11, 7am

Your views are valid but in my opinion “never” is too strong a word to use. I believe the problem is because the investor ...

All 4 candidates, their proposers & assentors have arrived and are now in the nomination hall. #SGPresident

All 4 candidates, their proposers & assentors h...

straitstimes.com 17 Aug '11, 3am

Dr Tan Cheng Bock speaks to media. All four presidential aspirants have arrived at the Nomination Centre. -- PHOTO: ST PHO...

It's Time to Close the Tax Loophole that Subsidizes Wasted Energy

It's Time to Close the Tax Loophole that Subsid...

greenbiz.com 19 Aug '11, 11am

Pretend you are a small business owner. You happen to own the building where your business is housed, which has helped you...

Citizens' CPF money \\"safe\\", says MOF

channelnewsasia.com 14 Aug '11, 9am

SINGAPORE: The Ministry of Finance said Central Provident Fund (CPF) money of citizens is safe, and that it has the full b...

Local actress gives up citizenship for CPF savings #Singapore

Local actress gives up citizenship for CPF savi...

sg.news.yahoo.com 14 Aug '11, 3am

Evelyn Maria Ng says she needs to use her CPF savings to further her studies in New York. (Youtube screengrab) Local actre...