New MoM-CPFB scheme to offer low-cost, diversified investments

The new voluntary system will be launched in the first half of 2028.

The Ministry of Manpower (MoM) and the Central Provident Fund Board (CPFB) will launch a new investment scheme in the first half of 2028, which offers simplified, low-cost, and diversified life-cycle investment options.

The scheme is intended to complement the existing CPF system and the CPF Investment Scheme (CPFIS) by providing members with a long-term investment option.

These products will automatically rebalance investors’ portfolios towards lower-risk assets as they age and approach their target date.

Proceeds from phased liquidation will be transferred to the member’s Retirement Account up to the Full Retirement Sum, with any excess transferred to the Ordinary Account.

The scheme will offer a limited number of products from two to three commercial providers with capped fees, and participation will be voluntary with all investments carrying market risk, according to the press release.

MoM and CPFB will engage industry stakeholders from March 2026 on product specifications and invite expressions of interest from potential providers with selected providers expected to be announced in the first half of 2027.

The new investment scheme is intended to give CPF members a long-term, managed investment option while maintaining retirement security, said MoM and CPFB.

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