Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters
Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Singapore’s pension fund is not a model for Hong Kong to follow

When the boss takes investment decisions out of the hands of the citizens, you just get poorer citizens

Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters
Singapore workers see 37 per cent of their wages go into the Central Provident Fund. Photo: Reuters
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.