1. Central Provident Fund of Singapore 2. Social Security – Singapore 3. Employees’ deposits – Singapore Since its inception in 1953, the Central Provident Fund (CPF), the mandatory savings scheme, has evolved to meet Singaporeans’ housing and investment aspirations as well as retirement needs while Singapore progressed from Third World to First. The story of the CPF reflects the economic history and social development of Singapore. CPF policies are aligned with national objectives – economic growth, macroeconomic stability, asset-building and savings for health and retirement. The CPF’s intricate connection with housing financing has made Singapore’s social protection system a unique social innovation in the world. With an ageing population, the CPF will continue to explore more ways to stay relevant to retirement and other needs. As the choice architect, the CPF Board needs to anticipate behavioural responses and manage the expectations of its members.