Overview
- Prime Minister Lawrence Wong unveiled the voluntary scheme in the Budget to give long-term savers a managed path to potentially higher returns than CPF interest.
- Two to three vetted providers will offer curated life-cycle funds that automatically rebalance along an age-based glidepath, with all-in fees capped.
- Portfolios will be liquidated in phases before the target date, with proceeds first transferred to the Retirement Account up to the Full Retirement Sum, then to the Ordinary Account.
- CPF Board will begin industry engagement in March 2026, expects to name providers in the first half of 2027, and targets a first-half 2028 launch.
- Officials cautioned that market risk remains, while noting the government stands ready in principle to provide time-limited support to kick-start uptake.