By Cai Haoxiang

Close to 12,000 people have signed up for the new Central Provident Fund (CPF) annuity scheme opened last month to Singaporeans and permanent residents aged 55 and older.

Minister of State (Trade and Industry and Manpower) Lee Yi Shyan last night described the number signing up for CPF Life as encouraging.

Speaking on the sidelines of the launch of an elderly fitness corner in Bedok, he noted that 571 applicants had received or made top-ups averaging $21,000 to their accounts.

For more The Straits Times stories, click here.