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CPF Investment Administration
Place your clients' CPF investments through iFAST, a CPF Investment Administrator (IA), and benefit from:
- Substantial savings in CPF agent bank charges.
When clients invest through a non-IA platform, each fund house whose funds they purchased will individually and separately request monies from their agent bank. This incurs CPF agent bank charges for each fund that they buy. These charges can rack up to a significant amount.
As an IA, iFAST is able to draw a consolidated amount directly from the clients' agent banks for all their investments. Clients are thus charged the lowest fee, no matter how many funds they purchase.
The table and example below illustrate how much advisers can help their clients potentially save by investing through the iFAST platform
*Note that the summary of agent bank charges is based on the average bank charges.
- Fewer statements
Clients who invest through a non-IA platform will receive product statements from several parties including the agent bank, fund house AND fund distributor. By investing through the iFAST platform, clients will receive only one consolidated statement.
- Faster completion time
The completion time for CPF transactions is cut by 50% by transacting through iFAST.
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