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)…
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{ 2 comments… read them below or add one }
This is definitely a very serious loophole. How can one know who is really taking the money.
My brother passed away recently. He is single and none of the siblings are beneficiary to his CPF. Same reason given by the CPF re confidentiality. So how would we know if there was really a beneficiary since non of the family members are.
If there is proper planning, there is always a solution. Let me know if anyone need assistance.