What is the CPF Investment Scheme Self Awareness Questionnaire (SAQ)?
From the 1st October 2018 onwards, CPF members who have not opened a CPF Investment Account are required to take the Self-Aware Questionnaire (SAQ) before opening a CPF Investment account. The SAQ is designed to help CPF members self-assess whether they have sufficient basic financial knowledge and investing via the CPF Investment Scheme (CPF-IS) is suitable.
You can access the SAQ via the CPF website here, and login with your Singpass. The SAQ starts with learning modules on investment concepts, products and information on charges under the CPF-IS. You must then complete the quiz, which contains 20 multiple-choice questions with no pass score. Your results will help you assess whether investing via the CPFIS is suitable for you.
If you already have a CPFIS account and wish to check your SAQ status, you can click here > Check my CPFIS SAQ Status.