Budget 2026: DBS and OCBC open to collaborating with CPF on life-cycle investment scheme
DBS and OCBC say they are open to collaborating with the Central Provident Fund Board on the new voluntary CPF life-cycle investment scheme. Industry observers say the fees of this new product must be kept low to ensure returns are adequate. The scheme, said to be a bid to boost retirement savings, was announced during the Budget speech on Feb 12. Sabrina Ng reports.
DBS and OCBC say they are open to collaborating with the Central Provident Fund Board on the new voluntary CPF life-cycle investment scheme. Industry observers say the fees of this new product must be kept low to ensure returns are adequate. The scheme, said to be a bid to boost retirement savings, was announced during the Budget speech on Feb 12. Sabrina Ng reports.