CPF implements face verification amid surge in malware scams

The Central Provident Fund (CPF) has introduced face verification for account access in response to a surge in malware scams, resulting in over S$8 million in losses in the first half of 2023.

Automatic Closure of CPF Accounts held by members who are not Singaporeans or Permanent Residents from 2024

CPF accounts of non-Singaporeans or permanent residents will be automatically closed from 1 April 2024, according to the Central Provident Fund Board. This move is to ensure that the CPF system focuses on meeting the retirement, housing, and healthcare needs of Singapore Citizens and Permanent Residents. Non-SC/PR members are advised to transfer their savings to their bank accounts before the deadline.

Potential impact of increase to CPF contribution ceiling on Singapore’s Cost of Living

SINGAPORE — The increase in the contribution ceiling for Central Provident Fund…

Budget 2023: Minimum CPF payout on Retirement Sum Scheme to be increased to S$350 in June

SINGAPORE — The Singapore government will increase the minimum monthly payout for…

400K Singaporeans between age 55 to 70 don’t have enough in CPF to meet Basic Retirement Sum

In an article published by the Straits Times on Sunday (‘8 money…