Account 3 withdrawals have no influence on EPF's investment strategy


File pic — FAIHAN GHANI/The Star

KUALA LUMPUR: Withdrawals from the Employees Provident Fund’s (EPF) Account 3 will not affect the retirement fund’s investment strategy, as they will be carried out in controlled amounts and within an organised framework, said chief executive officer Ahmad Zulqarnain Onn.

He emphasised that the EPF has anticipated a withdrawal of up to RM25 billion from Account 3 in the first year, followed by an estimated RM5 billion in the subsequent year.

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