18 Feb '14, 7am

#CPF an innovative tool to build #assets: Prof #etirement

SINGAPORE'S Central Provident Fund (CPF) model is a "highly innovative" system which helps its people build assets, one of the world's top social development experts said yesterday. This is evident in how CPF provides security in retirement and can be used for health care, education, insurance, investments and home ownership, Professor Michael Sherraden told his 150-strong audience in a talk at the National University of Singapore (NUS). He is the first scholar under the S R Nathan Professorship in Social Work, a collaboration between NUS and Washington University (St Louis), where he is from. "Some households (here) may be highly stressed because they don't have much income, but many have a flat... which provides a measure of stability in their lives that would not exist otherwise," said the professor, who was named one of Time Magazine's 100 Most Influential People in 20...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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