CPF-IS has been a hot and never ending topic since DPM Tharman made a comments in 2016 that “the scheme was not fit for purpose “ because over the last 10 years, more than 80 per cent of those who invested through the scheme would have been better off leaving their money in the CPF Ordinary Account.

He said that over the last 10 years, more than 80 per cent of those who invested through the scheme would have been better off leaving their money in the CPF Ordinary Account since the Ordinary account still give member a 2.5% interest.

Since the announcement of the review in 2016 , the CPF Advisory Panel yet to come out with the recommendation of the revamp of the scheme , but as indicated by DPM , it will be “ a simple, aggregated, low-cost investment option, which is …