The Singaporean government postponed the introduction of private pension plans late last year after a year of failing to make the square peg of distribution costs fit into the round hole of providing choice to investors using CPF money to invest in investment products.
Now it seems PPPs are not just on hold they are dead.
The idea was that Singaporeans can achieve better returns by investing more of their Central Provident Fund money into a private pension system with ultra-low costs. Mercer Investment Consulting was hired to come up with ideas. The problem was scale Singapore's small population couldn't support any investor choice if fees...
