In a commentary, SMU Professor of Finance (Education) and Associate Dean of Pre-Experience Postgraduate Programmes Benedict Koh said that the Central Provident Fund’s (CPF) new voluntary scheme will be welcomed by those keen to grow their retirement savings but lack the investment know-how. Prof Koh added that if designed well, the scheme could empower more Singaporeans to grow their retirement savings with greater confidence. He said that Singapore’s CPF framework has long emphasised safety and adequacy, and the new scheme represents a prudent evolution that balances opportunity with protection. He opined that its success will depend on the details, adding that retirement planning must remain safe, while becoming more accessible and responsive to the needs of a more financially aware generation.