The Central Provident Fund (CPF) is a mandatory savings scheme for citizens and permanent residents of Singapore. The CPF was established in 1955 and is one of the pillars of Singapore's social security system. It is designed to provide financial security in retirement, healthcare, and housing.
CPF members can invest their CPF savings in various investment products such as stocks, bonds, and funds. The CPF investment scheme allows members to choose from a range of investment options based on their risk appetite, financial goals, and investment knowledge.
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