Reason Behind Delay in Lifetime Retirement Investment Scheme Rollout

Debated in Parliament on 22 Nov 2023.

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Leong Mun Wai asked why the Lifetime Retirement Investment Scheme, proposed in 2016, has been delayed and when it might be launched.
Tan See Leng cited global headwinds like inflation and tighter monetary policies that have slowed growth and increased market stress.
The government is revising planning assumptions to balance risk and return to protect CPF members' retirement savings.
Officials will share updates on the timeline once preparations are complete.

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Leong Mun Wai

Mr Leong Mun Wai asked the Minister for Manpower (a) what are the reasons behind the delay in rolling out the Lifetime Retirement Investment Scheme that was proposed by the CPF Advisory Panel in 2016; and (b) what is the expected timeline for setting up this Scheme.

Tan See Leng

There are headwinds in the global investment environment. Against the backdrop of inflationary pressures, tighter monetary and fiscal policies in the global economy have slowed economic growth and increased financial market stresses. Hence, we need to carefully study and update our planning assumptions to strike the right balance between risk and return in the design of the Lifetime Retirement Investment Scheme, in order to safeguard CPF members' retirement adequacy. We will provide updates when ready.

Summary written by AI (learn more)

Leong Mun Wai asked why the Lifetime Retirement Investment Scheme, proposed in 2016, has been delayed and when it might be launched.
Tan See Leng cited global headwinds like inflation and tighter monetary policies that have slowed growth and increased market stress.
The government is revising planning assumptions to balance risk and return to protect CPF members' retirement savings.
Officials will share updates on the timeline once preparations are complete.

Questions identified by AI (learn more)

Reason Behind Delay in Lifetime Retirement Investment Scheme Rollout | PAPERCUTS

Reason Behind Delay in Lifetime Retirement Investment Scheme Rollout

Debated in Parliament on 22 Nov 2023.

Summary written by AI (learn more)

Leong Mun Wai asked why the Lifetime Retirement Investment Scheme, proposed in 2016, has been delayed and when it might be launched.
Tan See Leng cited global headwinds like inflation and tighter monetary policies that have slowed growth and increased market stress.
The government is revising planning assumptions to balance risk and return to protect CPF members' retirement savings.
Officials will share updates on the timeline once preparations are complete.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Tan See Leng

Summary written by AI (learn more)

Leong Mun Wai asked why the Lifetime Retirement Investment Scheme, proposed in 2016, has been delayed and when it might be launched.
Tan See Leng cited global headwinds like inflation and tighter monetary policies that have slowed growth and increased market stress.
The government is revising planning assumptions to balance risk and return to protect CPF members' retirement savings.
Officials will share updates on the timeline once preparations are complete.

Questions identified by AI (learn more)

Reason Behind Delay in Lifetime Retirement Investment Scheme Rollout

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Questions Identified

Full Transcript

Leong Mun Wai

Tan See Leng

Summary

Questions Identified

Reason Behind Delay in Lifetime Retirement Investment Scheme Rollout

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Tan See Leng

Summary

Questions Identified