[caption id="attachment_3606" align="alignright" width="150" caption="Photo by brainware3000"][/caption] I read with dismay from Straits Times article “CPF Life: Some want to be given a choice” dated 18 August 2010 that out of 700,000 of CPF members who are eligible for opt-in, only 40,000 took up CPF Life and committed S$2 billion to the scheme. This means that the remaining 94% said “no”. This is shocking to me. I think the government should listen to what the ground is saying and review why the take up rate is so low. Do bear in mind that the CPF Life will eventually be compulsory. Straits Times Singapore, 18 Aug, 2010, Wednesday CPF Life: Some want to be given a choice Not everyone is keen on auto-inclusion, say MPs and financial advisers. Read more...