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  4. Written Reply by Minister for Defence Dr Ng Eng Hen to Parliamentary Question on Saver Premium Fund Returns and Benchmark On 5 Jul 2023
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Written Reply by Minister for Defence Dr Ng Eng Hen to Parliamentary Question on Saver Premium Fund Returns and Benchmark On 5 Jul 2023

5 July 2023

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Mr Chua Kheng Wee Louis: To ask the Minister for Defence (a) what are the returns for the Dynamic, Balanced and Stable funds under the Saver Premium Fund in their (i) first year (ii) fifth year (iii) tenth year and (iv) since their inception respectively; (b) what are the performance benchmarks against which the respective funds are compared to; and (c) how have the funds performed relative to their benchmarks in the respective time periods.

Minister for Defence, Dr Ng Eng Hen:

The SAVER-Premium Fund is a superannuation fund that aims to generate sustainable long-term returns that exceed the rate of inflation. The annualised returns for the last five years, ten years, and since inception of the three Fund Plans are shown in Table 1.

Table 1: Net Returns as at 31 March 2023

Table caption


Five-year Net Returns

(Annualised)

Ten-year Net Returns (Annualised)

Since Inception (Annualised)

Stable Plan

2.1%

2.4%

2.5%

Balanced Plan

2.6%

3.7%

3.6%

Dynamic Plan

2.3%

4.1%

3.7%

Over those periods, all the three Fund Plans delivered annualised returns that were above the long-term average core inflation of 1.6%.[1]

[1]MAS 10-year average core inflation rate.

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