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30-07-2014, 10:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Deputy Prime Minister Tharman Shanmugaratnam said earlier this week that the government would explore the option of private pension plans for the CPF for those who are able to take higher risk. But he also warned that private pensions “will not be a walk in the park”, as higher risk did not always translate into higher returns. (BT 24 July)
Here we go again. Time for civil servants and fund manager marketers to reopen their files from the early noughties.
As BT reported, Industry anticipation of the prospect of private pension plans for the CPF was intense in 2004. Such plans were mooted as a means to enhance returns and lower costs for CPF members.
Private pension plans were envisioned as balanced or mixed-asset portfolios which would be farmed out to the private sector to be managed on an institutional basis. The ideal scenario was that there would be no sales charge, and annual fees would be reduced to a fraction of the prevailing fees … In 2004, estimates of the fund size needed for an expense ratio of 50-75 basis points ranged from S$200-300 million to as much as S$1 billion*.
In 2007, the government said the CPF’s....http://atans1.wordpress.com/2014/07/...-diastract-us/ (http://atans1.wordpress.com/2014/07/30/cpf-pap-govt-recycles-hot-air-smoke-again-all-part-of-the-wayang-to-diastract-us/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?186898-CPF-PAP-govt-recycles-hot-air-amp-smoke-all-over-again&goto=newpost).
Deputy Prime Minister Tharman Shanmugaratnam said earlier this week that the government would explore the option of private pension plans for the CPF for those who are able to take higher risk. But he also warned that private pensions “will not be a walk in the park”, as higher risk did not always translate into higher returns. (BT 24 July)
Here we go again. Time for civil servants and fund manager marketers to reopen their files from the early noughties.
As BT reported, Industry anticipation of the prospect of private pension plans for the CPF was intense in 2004. Such plans were mooted as a means to enhance returns and lower costs for CPF members.
Private pension plans were envisioned as balanced or mixed-asset portfolios which would be farmed out to the private sector to be managed on an institutional basis. The ideal scenario was that there would be no sales charge, and annual fees would be reduced to a fraction of the prevailing fees … In 2004, estimates of the fund size needed for an expense ratio of 50-75 basis points ranged from S$200-300 million to as much as S$1 billion*.
In 2007, the government said the CPF’s....http://atans1.wordpress.com/2014/07/...-diastract-us/ (http://atans1.wordpress.com/2014/07/30/cpf-pap-govt-recycles-hot-air-smoke-again-all-part-of-the-wayang-to-diastract-us/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?186898-CPF-PAP-govt-recycles-hot-air-amp-smoke-all-over-again&goto=newpost).