Big opportunity in little Singapore for fund managers

Singapore's Central Provident Fund board is calling on participants in the asset management industry to comment on its just-released consultation paper on its intention to introduce a private pension plan (PPP) that may create big opportunities for a handful of fund managers and administrators - and eventually upend the retail funds market. The government is keen to boost its role as a fund management hub and beef up citizens' savings by encouraging them to invest some of their CPF m…