2% fee to oversee EPF savings MD: Amanah Raya a more practical choice for trustee than family

KUALA LUMPUR: Employees’ Provident Fund (EPF) members who nominate Amanah Raya Bhd as the nominee, administrator or trustee to oversee their savings will be charged a 2% fee of the total amount.

Amanah Raya Bhd group managing director Adenan Md Yusof said most EPF members would want their immediate family members, especially their children, to become nominees.