In these terms and Conditions the following words and expressions (save where the context requires otherwise) bear the following meanings:
CPF Mpension Transactions
CPF MPENSION LOYALTY PROGRAM
CPF Mpension Insurance:
Without prejudice to the administrator rights, the Administrator may at its sole discretion suspend or deem your CPF Mpension Account dormant and or suspended.
You may close your CPF MPENSION Account at any time through Customer Care.
If the Administrator receives notice of your demise, the administrator will not be obliged to allow any operation or withdrawal from your CPF Mpension Account by any person except upon production of administration letters from Page 21 of 25 a competent authority or confirmed grant of letters of administration or confirmed grant of probate by your legal representatives duly appointed by the Court.
If you do not use your CPF Mpension Account for a long time, it may become ‘dormant’. This means that you are unable to use the CPF Mpension Account or access any credit balance in your CPF Mpension Account until you have contacted us and claimed the dormant balance. We may ask you for information and documents to support your claim. We will give you reasonable notice before your Account becomes dormant. Please note that we are required by law to surrender balances held in your dormant CPF Mpension Account to the Unclaimed Financial Assets Authority (UFAA). We will notify you before we surrender the funds.
CPF Financial Services