The Central Provident Fund (CPF), established in 1955, is an important part of Singapore’s social security system. It is a defined contribution scheme with individualized accounts fully-funded by both workers and employers. The comprehensive savings system provides for three elements of financial security: retirement, home ownership and healthcare. The Fund has net assets of US$ 361 billion.
Assets under Management (AuM):
Alternative Assets: 0%
“To enable Singaporeans to have a secure retirement through lifelong income, healthcare financing, and home financing.” (Public Pension Fund)