PwC calls for extra tax breaks on Singapore's CPF booster

Singapore's proposed supplementary retirement scheme (SRS) is in need of a major rethink if it is to be an effective way for Singaporeans to top up their retirement savings, says a leading actuary.David Richardson, director of actuarial benefits and insurance of PricewaterhouseCoopers, has recently told a gathering of investment professionals that while a pension top-up scheme is needed, some features proposed by the government in the SRS may be regarded by the investment industry as …