Financial Inclusion Global Asset Building Working Paper

Singapore’s Central Provident Fund: A National Policy of Life-Long Asset Accounts

This paper will present an overview of CPF, describe how distributions from the fund support a range of policy objectives throughout the life course, and then discuss implications of these findings for national policy efforts in other countries, such as the United States.


Loke, V., & Cramer, R. (2009). Singapore’s Central Provident Fund: A national policy of life-long asset accounts (New America Foundation Working Paper). Washington, DC: New America Foundation.