They have a different economic model in Singapore. They might use the Central Provident Fund CPF to control pension saving through the Retirement Account to impact the economy. However as far as I am aware that is where it stops. The CPF also does other things too, so although pension saving is part of the economic control model it is only one aspect. In the UK there has been a massive overhaul of the pension system including, optimisation of the pension saving process, alterations to the pension contribution allowances, changes to the tax reliefs offered to pension savers, the introduction of a mandatory employer pension payment, an increase in corporate bond issuances and secured fixed return investments for pension funds, new pension schemes or reform of the existing pension schemes, pension early release and a strong tightening up of the pension regulations changing the Registered Pension Scheme Manual into the Pension Tax Manual. This has enabled the UK to hit its economic targets better than any other period of time I am aware of, the link below is evidence of this. http://morganisteconomics.blogspot.com/p/success.html