The CPF did especially poor in adequacy and integrity (3rd from the bottom among 11 countries). In response to the Mercer report, an 'expert' who was involved in designing CPF Life defends the CPF in today's Straits Times. Most netizens would like to hear from a expert like Leong Sze Hian, but we get this expert from the National Longevity Insurance Committee tell us how good our CPF is. Is the CPF so complex that ordinary Singaporeans cannot understand the scheme and need a government expert to tell us how good it is? If the expert says it is good, then it has to be...Mercer's report is flawed, CPF is the best! I suggest you read what this expert says about the CPF in the Straits Times and see if you agree with her.
"...confirm will have report say the (Mercer) report is misleading not accurately blah blah blah"
- Hardwarezone forum 16 Oct 2009[Link].
I'll be back to do a line by line analysis of what the 'expert' has said.