Daily Archives: 2014-08-17

Option for CPF members to withdraw part of CPF in lump sum at 65: LHL

Prime Minister Lee Hsien Loong announced changes to the Central Provident Fund (CPF) scheme in hi National Day Rally speech on Sunday. Mr Lee said the government will “allow people the option to take out part of their CPF savings in a lump sum, when they need to.” However, he said this will be “subject to limits.” “The amount withdrawn …

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42% growth in foreign lawyers, but not enough jobs for local ones?

Law Minister K Shanmugam says he “is concerned there may not be enough training contracts and jobs” for Singaporean law graduates returning from overseas. According to Channel Newsasia, Mr Shanmugam, who is also Foreign Affairs minister, said “the next three years will see some 1,500 new entrants join the legal market, which already has 4,432 lawyers with practising certificates.” Compared to …

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