Why better education is still key for Singapore’s CPF

Singapore may have Asia’s best retirement system, according to Mercer’s latest annual rankings, but it still faces major challenges as its population ages that tinkering around the scheme's edges won't easily resolve without greater education of its citizens. The latest tweaks to the mandatory Central Provident Fund (CPF) will see an increase in payouts for people currently on the CPF Retirement Sum Scheme, come into effect from January 1. The trade-off, though, is that these payo…