How does CPF Board ensure that changes to CPF nomination of members who lack mental capacity, are done in their best interest?
The treatment of CPF nominations has been aligned with that of wills under the Mental Capacity Act 2008 (MCA).
Safeguards are in place under the MCA as the Court in making decisions on behalf of a member who lacks capacity, has to take into account what is in the member's "best interests". This includes taking into consideration the member's past and present wishes and feelings, his beliefs and values that would likely influence his decision if he had the mental capacity. The Court will also have to take into account the views from persons who were close to the member.