I found this statistic very troubling:

Assuming no mortality improvements from 2006 onwards, those who are now aged 65, there will be 51% (for male) and 67% (for female) still surviving at age 85. The statistic based on potential LI participates (non-LI participates will have mortality rate much lower). The bottom line is that females are living much longer than male.

However, it is projected at 2013, those who will be aged 55 then will have $101,000 (for male) and $67,000 (for female) as their cash Retirement Account. This is based on 50th percentile. To put it another way, female are much poorer in their CPF Minimum Sum than their male counter part.

Putting the two observations together, it implies that female live much longer than male and yet they are much poorer. This is not a good combination. I hope the smaller minimum sum for female is made up by their higher cash savings. Otherwise, we will have plenty of poor females.

Many people just let the government do their financial planning - like "force" them to buy Medishield, DPS, HPS, Eldershield  and now annuity. This is not good because one should be responsible for their own finance. However the statistics above demostrate that female has a much greater need to rely on oneself to do financial planning. For some reason, their CPF sum is less than male counterpart.