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Written Answer to PQ on CPFIS

NOTICE PAPER NO. 2541 FOR THE SITTING ON OR AFTER 7 FEBRUARY
QUESTION NO. 5442 FOR WRITTEN ANSWER

MP: Mr Chua Kheng Wee Louis

To ask the Minister for Manpower what is the current number and proportion of CPF members who have (i) opened a CPF Investment Account (ii) made investments via the CPF Investment Scheme-Ordinary Account and (iii) made investments in Singapore Government Securities.

Answer:

1. As of 30 Sep 2023, about 1.01 million or 23% of 4.49 million CPF members1, have opened a CPF Investment Account. Of these 1.01 million members, around 50% have active investments using their Ordinary Account via the CPF Investment Scheme, and around 4% are currently investing their Ordinary Account savings in Singapore Government Securities and Treasury Bills.

FOOTNOTE

  1. A CPF member refers to a person who has a positive balance in any of his CPF accounts.