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Staff Reporter
,
Singapore
CPF nominations work like wills and CPF members may still provide for ex-spouse.
The Ministry of Manpower reminded Singaporeans that Central Provident Fund (CPF) nominations are like wills, which means they cannot be revoked during a divorce because the member may still provide for their former family.
Manpower Minister Tan See Leng was responding to queries about revising the CPF Act 1953 to include automatic revocation of a nomination when the beneficiary becomes an ex-spouse after a divorce.
For this matter, the CPF Board said members should review nominations in their annual statement of account. The board also reminds members who underwent divorce to review their nominations.
Tan, nevertheless, said the Ministry of Law is reviewing whether to amend the rule in the Wills Act 1838 that allows automatic revocation of wills in the event of marriage.
“MOM and the CPF Board will likewise study the CPF nomination rules, so that the policy remains relevant to the evolving needs and behaviours of our citizens,” said Tan.
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