The survey, meant to examine the investment behaviour of CPF members and usage of the Central Provident Fund Investment Scheme (CPFIS), was done last March and received more than 3,500 responses.
Practically all retail investors are aware they can tap their CPF funds to invest but roughly a quarter have not done so.
According to a survey jointly done by the Securities Association of Singapore (SAS) and the Securities Investors Association (Singapore) (SIAS), 96% of the respondents are aware they can tap their CPF funds but only 72% have done so. Nonetheless, 73% plan to invest in the next six to 12 months.
