- CPFB manages over $435B in assets, providing financial security through savings for retirement, healthcare, and housing.
- The board offers digital tools like CPF Mobile and PLAN with CPF to simplify financial planning and enhance member experience.
CPFB: Empowering Singaporeans with financial security
The Central Provident Fund Board (CPFB), established in 1955, is a key pillar in Singapore’s social security system. With over 4.2M members, it manages approximately $435B in assets, offering essential services that support retirement, healthcare, and homeownership. The CPF scheme ensures that Singaporeans and permanent residents save for their future, building a strong foundation for financial security.
Through the CPF system, members contribute a portion of their salary to various accounts for retirement, healthcare, and housing needs. This approach promotes long-term savings and guarantees that individuals are well-prepared for their post-retirement years.
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CPFB: Innovating with digital tools
In line with the digital transformation of services, CPFB has introduced several digital tools to enhance member experience and simplify financial management. The CPF Mobile app allows members to access their personal account details, track contributions, and receive important updates on the go. This convenient tool ensures that members can stay informed and manage their funds more easily.
Additionally, the PLAN with CPF platform provides members with a comprehensive suite of financial planning resources. By offering insights and personalised tools for retirement, healthcare, and housing, CPFB is empowering members to make informed decisions about their financial future. These innovations reflect the board’s commitment to accessibility and efficiency in serving the public.
