Personal Finance
CPF Investment Scheme (CPFIS): Should You Invest Your CPF Money?
By Seedly  •  September 29, 2020
[Update for 1 Oct 2020] What Are the New Sales Charges and Wrap Fees for CPF Investment Scheme (CPFIS)? Come 1 October 2020, fund sales charge will be slashed to 0%. And portfolio wrap fees will be reduced to up to 0.7%.
Source: SAYS While this is welcomed news for CPFIS investors as this means lower investment costs. There are concerns in the industry that this might spur Financial Advisors (FAs) to sell higher-cost funds which pay higher trail fees. FYI: trail fees are a portion of fund annual management fees which are paid to fund distributors So if you choose to invest your CPF monies via the CPFIS, you’ll want to take note of these changes. And be wary of the kind of funds which your FAs recommend you. On top of that, make sure you consider the opportunity cost too. Since CPF’s interest...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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