CPF members get rebates due higher investment returns 

According to the Straits Times news report “CPF members to get premium rebates for home protection plan” (Aug 6) – “”The rebates arise from better-than-expected investment returns and lower-than-projected claims experience.”

Missing statistics?

Don’t you find it rather odd that there is no mention as to how much was the “better-than-expected investment returns”? What was the “expected investment returns”?

Returns better than CPF OA rate? 

How do these compare with the CPF Ordinary Account (OA) interest rate of 2.5 per cent?

Surplus of premiums to claims?

What was the excess of premiums plus investment returns to claims paid? As to “In 2006, the last time such a rebate exercise was held, $480 million was distributed to around 950,000 people. This year will be the fifth time the board is distributing HPS premium rebates.” – were the investment returns also better than expected in the four previous periods prior to 2006?

Annualised return vs CPF OA 2.5%?

How does the annualized return since the inception of the scheme compare to the CPF OA interest rate?

CPF HPS returns excess returns, but not CPF OA?

If the scheme can presumably get better returns than 2.5 per cent – why is it that CPF members don’t get the “excess returns” returned to them periodically, like in this CPF Home Protection Scheme?

Win battles lose war

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