Norma: Contributors would be able to earn higher returns under the new 0.5% sales charge.
PETALING JAYA: There have been mixed reactions from the experts on the Employees Provident Fund’s (EPF) move to encourage its members to invest a portion of their retirement savings into unit trusts via a simplified and cheaper online platform.
While some have welcomed the move as a catalyst for members to diversify their retirement fund investments, critics said it would increase the risk borne by the members as compared to the capital-guaranteed EPF savings, considering the volatile equity market currently.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
