Search results
Results from the WOW.Com Content Network
In 1986 an investment option was added to give members the opportunity to manage their own risk and returns. [8] In 1987, the Minimum Retirement Sum Scheme annuity was introduced. [8] In 1990, MediShield health insurance funded by Central Provident Fund savings, was launched to provide universal healthcare to all Singaporeans.
Singapore: The Central Provident Fund (CPF) in Singapore is a compulsory social security savings plan that requires contributions from both employers and employees. The CPF board invests these funds to generate returns and ensure the long-term financial stability of the pension system.
The Silver Support Scheme Act of 2015 is a law detailing the framework and penalties for the Silver Support Scheme. [1] It caters for around 150,000 eligible Singaporeans who are at least 65 years of age to receive a quarterly government payout of between S$300 and S$750 from beginning 2016 onwards.
For premium support please call: 800-290-4726 more ways to reach us
The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles: The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system.
Contact Singapore was started by the Prime Minister’s Office (Singapore) and came under the Ministry of Manpower in 1998. In April 2008, an alliance was formed between the Economic Development Board and the Ministry of Manpower to leverage the business network and investment promotion capability of the Economic Development Board and the talent outreach of the Ministry of Manpower.
In 2009, it established Eastspring Al-Wara' Investments Berhad in Malaysia to enter the Islamic Finance business. [2] [10] In 2011, the investment management arm was rebranded to have its own separate brand name, Eastspring Investments. [2] [3] [4] There were various reasons for the business to operate under its own brand name.
In 1983 Citi's International Personal Bank (IPB) Singapore was established to meet the offshore banking needs of affluent individuals who reside outside of Singapore. [ 3 ] In 1999 Citibank was among the first four foreign banks to be awarded the Qualifying Full Bank (QFB) license by the Monetary Authority of Singapore (MAS) in 1999.