CPFIS¶
Baseline Sources and Facts¶
No official/secondary baseline facts imported yet.
| Field | Values |
|---|---|
| Programme type | other |
| Source layers | user_reported |
Community-Learned Rules and Datapoints¶
Claim 17202 (user verified, risk: low)¶
Agent banks charge a CPF investment holding fee of $2 per quarter per stock counter, rather than scaling by share volume or transaction batches.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | DBS |
| Programme | CPFIS |
| Programme type | other |
| Fees / surcharges | $2 per quarter per counter |
| Devaluation risk | low |
| Last verified | 2024-11-26 |
| Last seen | 2024-11-26T09:56:35+00:00 |
| Observed result | Charges are billed per stock counter (company) rather than scaled by share quantity or transaction timing |
| Public/official layer | Agent banks charge a quarterly service fee per share counter held under CPFIS |
| Caveat | Applies to stocks held under the CPF Investment Scheme (CPFIS) via agent banks |
Claim 17200 (user verified, risk: low)¶
DBS charges a quarterly custody/service fee of $2 per stock counter for shares held under the CPF Investment Scheme (CPFIS), regardless of the number of shares or transaction timings.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | DBS |
| Programme | CPFIS |
| Programme type | other |
| Fees / surcharges | $2 per quarter per stock counter |
| Devaluation risk | low |
| Last verified | 2024-11-26 |
| Last seen | 2024-11-26T09:58:16+00:00 |
| Observed result | Users confirmed they are charged per company counter rather than per 1000 shares or transaction timing, though T-bills are charged per line. |
| Public/official layer | CPFIS agent banks charge a quarterly service fee of $2 per stock counter (subject to GST). |
| Caveat | T-bills are charged per transaction/issue line, whereas stock holdings are charged per counter. |
Claim 17572 (user verified, risk: low)¶
There are no pure S&P 500 or pure US equity funds approved for CPF Special Account (SA) investment under CPFIS; investors seeking US exposure often use the Schroder Global Multi-Asset Revolution Fund which has a 35% US equity allocation.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | Schroder Global Multi-Asset Revolution Fund |
| Programme | CPFIS |
| Programme type | other |
| Devaluation risk | low |
| Last verified | 2024-11-12 |
| Last seen | 2024-11-12T14:53:10+00:00 |
| Observed result | Users are unable to find a pure S&P 500 fund for CPF SA and instead utilize multi-asset funds like Schroder Global Multi-Asset Revolution Fund for partial US equity exposure. |
| Public/official layer | CPFIS SA investment rules restrict high-risk or narrow-focus single-country funds, resulting in a lack of pure US equity index funds. |
| Caveat | CPFIS approved fund list is subject to change by the CPF Board and SA investment options are significantly more restricted than OA. |
Claim 17571 (user verified, risk: low)¶
CPF Special Account (SA) investment guidelines restrict direct investment into pure US equity or S&P 500 funds, leading investors to use approved multi-asset funds like the Schroder Global Multi-Asset Revolution Fund (which has a 35% US equity allocation) for US market exposure.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | CPF Board |
| Programme | CPFIS |
| Programme type | other |
| Devaluation risk | low |
| Last verified | 2024-11-12 |
| Last seen | 2024-11-12T14:53:10+00:00 |
| Observed result | Users report being unable to find a pure S&P 500 fund for SA and opting for Schroder Global Multi-Asset Revolution Fund instead. |
| Public/official layer | CPF SA funds can only be invested in products classified under the low-to-medium risk categories of the CPF Investment Scheme (CPFIS), which excludes 100% single-country equity funds. |
| Caveat | CPF SA investment options are significantly more restricted than Ordinary Account (OA) options, which do allow pure equity funds. |