Below is a post' by a 'Leongszehian' in Sammyboy that proves that there is no need for compulsory annuity scheme.
After 31 Mar 2008, 1st 20k of CPF OA and 1st 20k of SA can no longer be invested
Everyone should think about investing their CPF OA (unless need to pay for housing loan now) and SA, because
Age 25 To 65 - 40k will grow to
(3.5%) $ 158,370
(5%) $ 281,600
(6%) $ 411,429
(7%)