'I wish the banks had stopped me from withdrawing all my money!' - lamented Madam Goh Kah Keow who lost $400,000 life savings to con artists from China.
...I wish the banks had stopped me from withdrawing all my money. - See more at: http://www.straitstimes.com/lifestyle/more-lifestyle-stories/story/400000-gone-day-20140629#2
In my previous post on the merits of CPF Minimum Sum, one of my readers Fred Khoo pointed out that the CPF Minimum Sum (MS) scheme is a national failure and that the government should not "lock up" Singaporeans' CPF monies. Well, one thing for sure is that most Singaporeans would have strong opinions on the CPF scheme but it does not mean that the CPF MS scheme is a flop. Indeed, there are flaws and improvements that can be made to enhance the policy to better suit Singaporeans' needs. However, it should be noted that the merits of CPF MS ...