A lot of follow up comments are representing this as a forced bond purchase with subpar returns, without also considering that, it essentially forces folks who wouldn't otherwise save for retirement to do so (albeit at the government's definition of retirement age)
For those who know how to manage their money, this is absolutely a hit on potential returns. But for many who may not, this is net more than what they would have otherwise
Not sure if that's a fair judgement - It seems particularly endemic that it's almost a meme/stereotype in itself in Singapore; that all cab drivers are discontent with the government
For those who know how to manage their money, this is absolutely a hit on potential returns. But for many who may not, this is net more than what they would have otherwise