Business

EPF assures 14m members all proposals scrutinised

KUALA LUMPUR: The Employees Provident Fund Board has assured its 14 million members that all investment proposals are thoroughly scrutinised and invested only in assets that fit its risk-return profile before it it put forwards to the investment panel.

According to statement issued by the retirement fund on Friday, it said that a a statutory body, the EPF is governed by its board, whose members include representatives from employees, employers, industry professionals and the government.

Below is the statement issued by the EPF:

When deliberating any investment decisons, the EPF follows a process that requires it to first go through the management committee.

This where proposals are scrutinsed in accordance with our longt term diversification strategy.

This is also in line with the EPF’s mandate to grow its members’ retirement savings by investing only in assets that fit its risk-return profile.

Final approval is then obtained from the investment panel, comprising senior members of EPF Management, industry professionals and the government.

As a statutory body, the EPF is governed by its board, whose members include representatives from employees, employers, industry professionals and the government.

The board ensures that the EPF carries out its responsibility to safeguard the interest of its 14 million members.

 

http://www.kwsp.gov.my/portal/documents/10180/4230235/EPF_Investment_Decision_Framework_15.09.2017.pdf