One of the plans highlighted for the CPF is for a higher returns, but there is no free lunch. The assets that generate the returns must take more risk. And there will be periods of GFC like volatility.
Most investors will be well aware of things not always going up or down in a straight line. Not the average folks. Even if they do, their behavioural tendency to feel more pain than joy will make them irrationally curse.
In 2004, a speech at SAF highlighted the case study of the SAF officers retirement and SAVER Scheme, some of the ‘flaws’ against it:
...Sir, Dr Ong Chit Chung has asked about the SAVER scheme. We have a policy of keeping the SAF young. With the threat environment and war-fighting becoming ever more complex, the timely renewal of the SAF leadership is key if we want to keep the SAF ...
