What is the new Qdro pension scheme?
Qdro is a Singapore-based online pension scheme that connects pensioners with other pensioners who are also eligible to contribute towards their pension.
The scheme, which launched in September, has raised $1.2 million and is the second-largest Singapore pension scheme behind the Government Pension Fund.
This new pension scheme has been launched after Qdro, a Singaporean online pension service, had raised more than $8 million in venture capital funding in September 2017.
It’s the first Singaporean pension scheme to raise a funding round in its history.
The new scheme was set up in order to ease the burden on pensioners and ease the transition to a more fiscally sustainable future.
It was launched in response to the growing number of pensioners in Singapore and the impact of the recent financial crisis on pension funds.
The fund is expected to attract more than 4,000 pensioners over the next five years.
The plan aims to attract the retirement age to 66 by 2032 and to reduce the retirement income gap between the wealthy and the poor.
As of September this year, more than 16,000 people were registered for the scheme, with the number expected to grow to 17,000 by 2033.
Qdro has been a pioneer in the Singapore pension industry, with more than 50 million registered participants and more than 3,000,000 registered pensioners.
The company has over 500,000 active members.
At the time of the launch, the fund was operating on a budget of about $500,000 per annum.
With the new fund, the company aims to raise $2.3 million in capital and is now in talks to raise another $300,000.
The new QDro scheme will be a platform for pensioners to connect with other members to help ease the retirement transition.
Qdro also plans to launch a new retirement plan in the near future, which will be more focused on providing benefits to the people who are in the same boat as pensioners but have less money in their pockets.
This plan will be designed to make it easier for people to retire.
With the fund’s funding, Qdro plans to help more Singaporeans get to retirement.
QDro has also launched a new online tool called Qdro.com, which allows users to save their pension, access pensioner profiles, view other pensioner information, and search for pensioner services and advisers.
AQR Investments, the investor group behind Qdro and Qdro website, said in a statement that it is investing in the Qdro fund and will “invest in the service and services it will provide, as it provides an attractive opportunity for investors to engage in the future of Qdro”.
QDro’s investors include Qdro Investments, Singapore Investment Group, Banyan Ventures, and A.B.C. Investments.
Singaporean Pension Fund’s head of strategy, Lee Tan, said that the fund aims to grow its fund portfolio from $1 billion to $10 billion by 2020.
This would increase the fund to around 4,500,00 pensioners by then.
Lee Tan, the CEO of Singapore’s Singapore Investment Trust, said he hopes that the new scheme will help people to make a transition from pensioner to pensioner and to help Singapore’s pension fund reach its long-term goal of retirement.
Read more: Aqro is a registered Singaporean investment company.