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Saturday, December 31, 2011

CPF Investment Scheme ongoing charge capped at 1%

About 30,000 Singaporeans stand to benefit from a new rule that will make it cheaper to invest under the Central Provident Fund Investment Scheme (CPFIS).

The CPF Board is placing a limit of 1 per cent a year on the wrap fee charged on unit trusts included in the CPFIS, starting from July next year.

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