Latest news with #MelissaKhoo
AsiaOne
2 days ago
- Business
- AsiaOne
Retirement, home purchase and health insurance planner: CPF's new platform to help members make better decisions, Singapore News
Central Provident Fund (CPF) members can now use a new online tool to make better-informed decisions about their housing, retirement savings, and health insurance plans. Launched on Friday (July 5) at CPF's 70th anniversary commemorative book launch event, the initiative titled PLAN (Plan Life Ahead, Now!) offers members a centralised online platform where they can understand how their CPF savings can be allocated across major life needs and how one financial decision may impact another. Through a dynamic dashboard tailored to each user's life stage, members can estimate their retirement savings and payouts, determine how much they can afford to spend on a home, and evaluate the cost of health insurance premiums. Speaking at the launch event, CPF Board chief executive Melissa Khoo said the new tool reflects the Board's commitment to empowering members to take charge of their financial health, reported The Straits Times. She highlighted CPF's vital role in Singapore's social security system and reaffirmed its commitment to ongoing innovation in support of its members. "As retirement aspirations become more diverse and with healthier longevity, I believe these values will continue to steer us in meeting future needs," she said. The planner integrates three planning tools in one --- a retirement planner, home purchase planner, and health insurance planner. The retirement planner helps users map out payout goals and explore ways to meet them, such as through top-ups, while the home purchase planner feature shows how housing choices may affect future payouts by providing insight into budget and loan options. Meanwhile, the health insurance planner allows members to compare premiums and features across different Integrated Shield Plans to make more informed decisions about healthcare coverage. Beyond planning tools, the platform includes educational resources on financial planning and a financial fitness questionnaire. Developed with MoneySense, Singapore's national financial education programme, the quiz prompts users with questions such as "How much savings do you have available in case of an emergency?" and offers advice based on their responses. As part of the anniversary milestone, CPF has also released a commemorative book titled Save & Sound: 70 Years of CPF, which highlights the organisation's evolution over the decades. It features stories from former ministers, leaders, and members of the CPF Board and reflections on how CPF has impacted their lives. The book is available digitally at Singaporeans can also explore CPF's history and try out the new planning platform at an exhibition at Our Tampines Hub, open until July 10. Talks on housing, retirement, and healthcare planning was held on July 5 and will also be held on July 6. [[nid:715886]]
Business Times
3 days ago
- Business
- Business Times
CPF members can make housing, retirement and health insurance plans with new digital platform
[SINGAPORE] The Central Provident Fund (CPF) has rolled out a new digital platform that gives members access to financial planning tools, to make better use of their savings. With the 'Plan Life Ahead, Now!' (PLAN) platform, which is available on the CPF app and website, members can project their retirement savings and payout, calculate their home purchase budget, and assess the affordability of health insurance premiums. Members using the platform will see a personalised dashboard, with content and resources tailored to their current life stage. The platform was rolled out on Jul 5 during CPF's 70th anniversary commemorative book launch event. CPF Board CEO Melissa Khoo said PLAN is being rolled out to empower members to take charge of their financial health. With the retirement payout planner, members can map out their payout goals, and explore ways to leverage CPF to achieve their goals, such as through top-ups. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The home purchase planner shows CPF members their home purchase budget, loan options and how their housing decisions can impact their retirement payouts. With the health insurance planner, members can compare premiums and key features across different Integrated Shield Plans and make informed decisions about their healthcare coverage, CPF said. The platform also provides educational resources on financial planning, and a financial fitness questionnaire that allows users to assess their overall financial health beyond CPF matters. Developed in collaboration with national financial education programme MoneySense, it asks questions such as: 'How much savings do you have available in case of an emergency?', and provides relevant tips. In her speech, Khoo said CPF has a deep sense of purpose in being a cornerstone of Singapore's social security system, adding that the fund will continue to innovate as part of a commitment to its members. She said: 'As retirement aspirations become more diverse and with healthier longevity, I believe these values will continue to steer us in meeting future needs.' To commemorate its 70th anniversary, CPF Board on Jul 5 launched the 'Save & Sound: 70 Years of CPF' book which chronicles the organisation's journey through the years. PLAN with CPF features a personalised dashboard for CPF members to explore retirement payout, home purchase and health insurance planners, among other functions. PHOTO: CPF BOARD It includes behind-the-scenes perspectives from current and former Ministers, leaders and staff of CPF Board, and stories from people of how CPF impacted their lives. The book is not for sale. A digital copy is available at Members of the public can visit an exhibition about CPF's history at Our Tampines Hub till Jul 10, where they can also try 'PLAN with CPF'. Talks on housing, healthcare and retirement will be available on Jul 5 and 6. THE STRAITS TIMES
Straits Times
3 days ago
- Business
- Straits Times
CPF members can make housing, retirement and health insurance plans with new digital platform
Sign up now: Get ST's newsletters delivered to your inbox Members using the platform will see a personalised dashboard, with content and resources tailored to their current life stage. SINGAPORE - The Central Provident Fund (CPF) has rolled out a new digital platform that gives members access to financial planning tools, to make better use of their savings. With the 'Plan Life Ahead, Now!' (PLAN) platform, which is available on the CPF app and website, members can project their retirement savings and payout, calculate their home purchase budget, and assess the affordability of health insurance premiums. Members using the platform will see a personalised dashboard, with content and resources tailored to their current life stage. The platform was rolled out on July 5 during CPF's 70th anniversary commemorative book launch event. CPF Board CEO Melissa Khoo said PLAN is being rolled out to empower members to take charge of their financial health. With the retirement payout planner, members can map out their payout goals, and explore ways to leverage CPF to achieve their goals, such as through top-ups. The home purchase planner shows CPF members their home purchase budget, loan options and how their housing decisions can impact their retirement payouts. Top stories Swipe. Select. Stay informed. Singapore From temples to towers: Old memories collide with new money in Geylang Singapore Clans of Geylang: The fight for survival and revival Asia Magnitude 5.4 quake shakes south-western Japan islands as temblors continue Life 'I applied to over 300 jobs': What people wish they knew before they got laid off Singapore Tan Cheng Bock and Hazel Poa step down from PSP leadership Asia Dream wheels, Malaysian deals: Singaporean car lovers find affordable indulgence across the border Asia How a Singaporean heatproofs himself to cope with 40 deg C summer in Chongqing World Hamas says it responds to Gaza ceasefire proposal in 'a positive spirit' With the health insurance planner, members can compare premiums and key features across different Integrated Shield Plans and make informed decisions about their healthcare coverage, CPF said. The platform also provides educational resources on financial planning, and a financial fitness questionnaire that allows users to assess their overall financial health beyond CPF matters. Developed in collaboration with national financial education programme MoneySense, it asks questions such as: 'How much savings do you have available in case of an emergency?', and provides relevant tips. In her speech, Ms Khoo said CPF has a deep sense of purpose in being a cornerstone of Singapore's social security system, adding that the fund will continue to innovate as part of a commitment to its members. She said: 'As retirement aspirations become more diverse and with healthier longevity, I believe these values will continue to steer us in meeting future needs.' To commemorate its 70th anniversary, CPF Board on July 5 launched the 'Save & Sound: 70 Years of CPF' book which chronicles the organisation's journey through the years. PLAN with CPF features a personalised dashboard for CPF members to explore retirement payout, home purchase and health insurance planners, among other functions. PHOTO: CPF BOARD It includes behind-the-scenes perspectives from current and former Ministers, leaders and staff of CPF Board, and stories from people of how CPF impacted their lives. The book is not for sale. A digital copy is available at . Members of the public can visit an exhibition about CPF's history at Our Tampines Hub till July 10, where they can also try 'PLAN with CPF'. Talks on housing, healthcare and retirement will be available on July 5 and 6.
