I had attended a talk from Loo Cheng Chuan recently (Thank you Alvin and Alex for the invite).
I was always curious on what he had to share and why did he think of it that way (I am late to the bandwagon I know, but I admit that CPF is not on the top of my priority considering I will hit the Full Retirement Sum with my SA alone by 49 assuming no increase in salary until then).
Here is some of my interpretations.
Scarred by experience of the 1997-1998 Asian Financial Crisis