Scheduled maintenance: Long-term care insurance information on Healthcare Dashboard is unavailable from 26 April 2024, 8pm to 28 April 2024, 11.30pm for upgrades.

Scheduled maintenance: CPF digital services will not be available on 28 Apr 2024, from 12am to 6am.

Scheduled maintenance: Long-term care insurance information on Healthcare Dashboard is unavailable from 26 April 2024, 8pm to 28 April 2024, 11.30pm for upgrades.

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Why are Total Expense Ratio (TER) caps reduced for CPF Investment Scheme funds?

The purpose of CPF Investment Scheme is to provide alternative investment to help CPF members build up their retirement savings. As expenses of investment have a significant impact on returns, a regular review of the Total Expense Ratio (TER) caps is important as high expense ratio would erode investment returns for CPF members. Where feasible, TER caps should be kept low to increase the fund’s per-unit net asset value and enable CPF members to accumulate their retirement savings faster. This is in line with the efforts by regulatory authorities in other countries to reduce the cost of funds to investors.