Singapore shelves plans for private pensions

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SINGAPORE - The creation of the private pension plans (PPPs) was originally viewed as a means of boosting Singapore's efforts to attract fund managers to the city-state as part of a wider effort to make it a regional financial hub to compete with Hong Kong.

Three years ago a government led economic restructuring panel recommended that Singaporeans be allowed to withdraw money from the Central Provident Fund (CPF) and invest their retirement savings th...

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