Tighten rules, Government tells EPF

PUTRAJAYA: The Government, alarmed over the more than half billion ringgit losses reported from investments in unit trusts involving Employees Provident Fund (EPF) contributors, has directed the EPF to impose stricter conditions on such investments. 

Prime Minister Datuk Seri Abdullah Ahmad Badawi, who is also the Finance Minister, said the EPF must be convinced that any withdrawal meant for investment met all the stipulated conditions.