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A collection of 4 posts

Preparing for retirement amid an ageing population begin NOW!

Preparing for retirement amid an ageing population begin NOW!

By Jamari Mohtar It can be so scary thinking of what will happen to our young working children when currently RM101 billion of EPF monies have been disbursed to over 7.4 million members to cope with the pandemic, leaving 73% or nearly three-quarters of them in a serious state

EPF Navigates Safely Through Pandemic

KUALA LUMPUR, 27 February 2021: The Employees Provident Fund (EPF) delivered a solid performance for 2020 in terms of both its operational and financial results, declaring a dividend of 5.20% with a payout amounting to RM42.88 billion for Simpanan Konvensional; and 4.90% for Simpanan Shariah, with a

COVID-19 has doubled the impact on the EPF's weak liquidity

The announcement of the Employees Provident Fund that it will sell off assets to make funds available to depositors shows it has weak liquidity. However, the current severe global downturn amid the COVID-19 may have doubled the impact on the liquidity of the EPF. As a result, this means EPF

Australians have withdrawn RM98 billion from their retirement fund

There is confusion in Malaysia over the withdrawal from the EPF which the PN government is allowing but in small monthly amounts. This has put the PN government in direct confrontation with many people who want a lump sum withdrawal. The Ministry of Finance in Putrajaya on its Facebook page