October 2017

16Oct

Canadian Pension Plan to invest up to US$500 million on data centres

The Canada Pension Plan Investment Board (CPPIB) is investing up to US$350 million in data centres with Singapore’s Alpha Data Centre Fund (ADCF), with the option to invest another $150 million. CPPIB, the investment manager of Canada’s biggest pension plan, is teaming up with Singapore-based Alpha Investment Partners and data centre operator Keppel Data Centre Holdings (Keppel Data Centre) – both part of the city state’s Keppel Group – in the deal. The ADCF was launched in July 2016 by Alpha...

October 16, 2017
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12Oct

Canadian Pension Fund To Invest In Singapore Keppel’s Asset Management Business

Canada Pension Plan Investment Board has decided to make an initial investment of up to $350 million, with an option to invest another $150 million, in Alpha Data Centre Fund, the asset management business of Singapore's Keppel Corporation. CPPIB's latest commitment and option will bring the ADCF's combined and co-investment interest up to $1 billion, double its initial target size of $500 million, Keppel said in an exchange filing today. "When fully leveraged and invested, the fund will potentially have...

October 12, 2017
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03Oct

Singapore. More may be able to transfer CPF savings to parents and grandparents

Proposed changes to the Central Provident Fund (CPF) Act will lower barriers for members to transfer funds to their parents and grandparents for their retirement. The CPF Amendment Bill 2017 was introduced for its first reading in Parliament on Monday (Oct 2). After amendments to the CPF Act are passed, members will have to set aside a lower sum before they can transfer CPF savings in their accounts to their parents and grandparents, the Ministry of Manpower (MOM) said in...

October 3, 2017
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July 2017

13Jul

How will evolving employment models impact retirement savings: The case of Singapore

Freedom, flexibility, being your own boss—the proposition of the gig economy certainly caters to these stereotypical desires of millennials, as well as enabling individuals to supplement their income. Technology has led to the rise of the gig economy, with the likes of Foodpanda, Grab, and Airbnb among others ostensibly providing a win-win situation for both service providers and consumers. For individuals, the gig economy enables easy access to paid work, freedom to schedule working hours, and helps avoid the misery of...

July 13, 2017
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