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News Release by:
Central Provident Fund Board
2 November 2011 -- |
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The CPF Board invites eligible investment consultancy firms to bid for the provision of continued consultancy services under the CPF Investment Scheme (CPFIS). This is part of a routine process to review the service contract. |
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The CPFIS provides an avenue for members who wish to seek potentially higher returns on their CPF savings to invest through a variety of market instruments. As CPF savings are meant for members’ retirement, the CPF Board works with a qualified consultancy company to create an optimal choice of quality funds under the CPFIS that is expected to yield consistent and sustainable returns over time.
As part of the CPF Board’s regular review process to offer equitable access to qualified investment consultancy companies, the CPF Board is calling for a tender to engage a company to evaluate providers such as fund management companies and insurers, as well as their products that include unit trusts, investment-linked insurance products and exchange traded funds. |
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The selection criteria will be based on the qualifications and expertise of the consultancy personnel assigned to work with the CPF Board for the CPFIS, the amount of in-house resources that the consultancy personnel can tap on, the consultants’ track record and price of service. |
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The contract will be for a period of three years from the commencement of the consultancy services. |
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The invitation to tender, published on GeBiz (www.gebiz.gov.sg) today, will close on 1 December 2011. The result of the appointment will be made known by early February 2012. |
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The current contract was awarded to Morningstar Research Pte. Limited via a tender in March 2008, which will expire in March 2012. |
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| Public Enquiries
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| For more information, please visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188. |
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