EPF tightens FMI guidelines to safeguard members' investments

The guidelines, which took effect on Monday, are to ensure the appointed FMIs and approved funds offered by the FMIs are operating under best industry standards and investment practices.

Deputy Chief Executive Officer for Investment Mohamad Nasir Ab Latif said the guidelines would instil a higher level of best practices and clearly underline roles and responsibilities of the appointed FMIs in offering funds as an option for members to enhance their retirement savings.