MONDAY, FEBRUARY 12 KUALA LUMPUR- Media Briefing On EPF Dividend 2017 at Bangunan KWSP at 1000 (0200 GMT) KUALA LUMPUR- Launch of the Kuala Lumpur International Aerospace Business Convention (KLIABC) at Menara Matrade at 1030 (0230 GMT)
KUALA LUMPUR: CIMB Group
strongly supports the Employees Provident Fund’s objective to make retirement an important topic, especially among the youth.
Its group chief executive Tengku Datuk Seri Zafrul Aziz said on Sunday that the focus on saving for retirement was crucial to encourage more youth to plan for it, either through the EPF or the private retirement scheme as soon as they start working.
“Malaysia’s EPF has proven to be one of the most successful retirement funds globally, and the commendable dividend rate is truly reflective of a well-diversified investment strategy,” he said.
On Saturday, the EPF declared a dividend rate of 6.9% for conventional savings, the highest ever announced in the last two decades.
For the estimated 6.8 million active contributors to EPF, this was the second highest since 1999 (6.84%).
As for the shariah savings, the EPF declared a 6.4% dividend rate.
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