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Why are Total Expense Ratio (TER) caps reduced for CPF Investment Scheme funds?
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Source: https://www.cpf.gov.sg/memberThe purpose of CPF Investment Scheme is to provide alternative investment to help CPF members build up their retirement savings. As expenses of investment have a significant impact on returns, a regular review of the Total Expense Ratio (TER) caps is important as high expense ratio would erode investment returns for CPF members. Where feasible, TER caps should be kept low to increase the fund’s per-unit net asset value and enable CPF members to accumulate their retirement savings faster. This is in line with the efforts by regulatory authorities in other countries to reduce the cost of funds to investors.
This information provided here is sourced from the CPF website.
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