The second speaker in the afternoon session was Professor Joseph Cherian who is the Practice Professor of Finance and Director at the Centre for Asset Management Research and Investments in NUS. Prof Cherian listed three fundamental concerns about retirement funding: 1. That retirees receive a reasonable level of payout every month. 2. That the payouts should last for as long as one lives. 3. That the payouts should be indexed to inflation. This is where the CPF Life comes in and although it promises to give a monthly payout for life, the payout is not indexed to inflation. So, for the same person, $1,000 at age 65 is probably very different from $1,000 at age 75, for example. This is a very good point. He went on to share some myths surrounding the CPF and inflation in Singapore. His slides are very good and I will share them here: ......