EPF members to benefit from reduced service charges

PETALING JAYA: Eligible Employees Provident Fund members investing under Members Investment Scheme (EPF MIS) will be entitled to a reduction of upfront fees charged by fund management institutions starting May 1,2020.

The reduction is for a period of 12 months ending April 30,2021. This will allow them to diversify their retirement portfolio at a lower cost, EPF said in a statement.