The Central Provident Fund (CPF) Board will be introducing a new investment scheme in 2028 for longer-term investors interested in a simplified and low-cost option, announced Prime Minister Lawrence Wong on during his Budget statement. The scheme is a response to the CPF Board's recommendation in 2016 to introduce a Lifetime Retirement Investment Scheme (LRIS).This new scheme will be be an alternative investment option to the CPF Investment Scheme (CPFIS) that is currently available, according to a joint statement by the CPF Board and the Ministry of Manpower (MOM) on Thursday.In particular, the new investment scheme will cater to CPF members with a longer runway to retirement, who are prepared to take more risk and generate potentially higher returns but have less expertise in navigating the numerous CPFIS offerings.Additionally, the new investment scheme will be suitable for those who prefer not to actively manage their investments.Scheme will be voluntarySimilar to CPFIS, participation in the new investment scheme will be voluntary. Read more