EPF in malaysia

Topics: Retirement, Investment, Pension Pages: 4 (1054 words) Published: September 24, 2013

Malaysians Cannot Depend on EPF for Retirement

Prepared for :-
Dr. Rokiah Hassan
Lecturer of Issues and Ethics in Finance
FIN 657
UiTM Shah Alam

Prepared by :-
Nurhafizah Binti Ibrahim
Class BM222 5B

Malaysians can’t depend on EPF for retirement, says pension fund expert

About the Employees Provident Fund (EPF)
The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund, providing basic financial security for retirement. The Fund is committed to preserving and growing the savings of its members in accordance with best practices in investment and corporate governance.  It will always be guided by prudence in its investment decisions. As a customer-focused organisation, the EPF delivers efficient and reliable services for the convenience of its members and registered employers.   The EPF continues to play a catalytic role in the nation’s economic growth, consistent with its position as a leading savings institution in Malaysia.  The EPF, the sixth largest provident fund in the world, was responsible for the management of RM554.1 billion worth of funds as of the second quarter of this year 2013. In the last five years since 2008, the fund has given an average dividend of 6.11 per cent. Employees Provident Fund (EPF) will offer retirement and financial advice According to Chairman Tan Sri Samsudin Osman, the Employees Provident Fund (EPF) will offer retirement and financial advice as a value-added service to its members next year at EPF branches in the Klang Valley.This new service is aimed at helping members in their retirement planning and provide education in finances, adding the initiative is hoped to help EPF contributors prepare for their retirement. The fund's studies have shown that people tend to squander money in a short period, which could be problematic if EPF was their only source of income. (TheStar, 2013) The Malaysian Trade Union Congress has...
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