Tan See Leng on CPFIS investments going to deceased members’ estates
CPF Investment Scheme (CPFIS) investments are disbursed to a deceased member's estate so that beneficiaries can decide how best to manage these assets. This includes their preferred timing to sell assets such as unit trusts and stocks, which could affect the value of the investments. CPF monies under the CPF nomination scheme can be disbursed quickly, without having to wait. Manpower Minister Tan See Leng gave this explanation in Parliament on Tuesday (Mar 21) in reply to an MP’s questions. He said members are informed when making their CPF nomination that it does not cover CPFIS investments. So, if they want their CPFIS investments to go to their CPF nominees, they should do this through their will.
CPF Investment Scheme (CPFIS) investments are disbursed to a deceased member's estate so that beneficiaries can decide how best to manage these assets. This includes their preferred timing to sell assets such as unit trusts and stocks, which could affect the value of the investments. CPF monies under the CPF nomination scheme can be disbursed quickly, without having to wait. Manpower Minister Tan See Leng gave this explanation in Parliament on Tuesday (Mar 21) in reply to an MP’s questions. He said members are informed when making their CPF nomination that it does not cover CPFIS investments. So, if they want their CPFIS investments to go to their CPF nominees, they should do this through their will.
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