At an Institute of Policy Studies (IPS) forum last month, Associate Dean (Specialised Masters Programme) of the SMU Lee Kong Chian School of Business and Professor of Finance Benedict Koh said that it was “not advisable for CPF to pay artificially high interest rates, which it can earn from financial markets” and that such a strategy would expose the CPF system to risk of default in the long run. He suggested CPF members be given the option to invest in financial instruments that do not require much financial knowledge and have a high likelihood of generating high returns. Prof Koh also opined that the Government should rethink the policy of using public housing as a means of wealth accumulation.