Is CPF's new life-cycle investment scheme for everyone?

Chuin Ting Weber, CEO and CIO of MoneyOwl believes it “should not be the foundational solution for retirement security, and it is not for everyone”.

It does advance a “middle-ground, signposted, DIY-investing model” and will likely set a benchmark in low costs, but it is “neither risk-free nor guaranteed to beat the OA and SA rates”.

She would stick to the "safe compounding machine" of the OA and SA rates to prioritise safety and sufficiency for a safe retirement income floor.

Higher returns and flexibility are only for those who have excess balances for a second layer of retirement assets to fund additional, non-essential needs.