Lower upfront fees for EPF members investing in EPF MIS

Chief EPF officer, Alizakri Alias said: “Eligible and financially literate members may wish to take advantage of the lower fees structure to optimise returns and diversify their portfolio according to their retirement plans."

KUALA LUMPUR: It will be cheaper for eligible Employees Provident Fund (EPF) members investing under Members Investment Scheme (EPF MIS) from Friday.

The EPF said in a statement on Thursday they will be entitled to a reduction of upfront fees charged by Fund Management Institutions (FMIs) for a period of 12 months ending April 30,2021.