The Employees Provident Fund (EPF) announced dividend rate of 6.75 percent for the financial year ended 31st December 2014. It was the highest since year 2000 and higher than 6.35 percent announced in 2013.
Kindly refer to “Historical Employees Provident Funds (EPF / KWSP) Dividend Rate” page for EPF dividend rate table & chart since 1952. You may want to calculate the dividend received by using EPF Dividend Calculator.
The total dividend payout stand at RM36.60 billion from RM39.08 billon investment income. The remaining are used for investment expenses, operating expenditures, statutory charges and net impairment allowance on financial assets. The payout representing an increase of 17.31 per cent compared to RM31.20 billion recorded in 2013.
e-Pengeluaran is an EPF’s electronic services allows members with RHB Bank and Maybank housing loans to submit withdrawal applications online in a fast, accurate and convenient way.
The online facility, which is linked to EPF’s i-Akaun, assist withdrawal applications for repayment of housing loan monthly instalments and to reduce or redeem housing loan balance. Bear in mind that, members must be a registered i-Akaun holder in order to utilize this service.
EPF reveals its top 30 equity investments in Bursa Malaysia quarterly since March 2010. The aim for the report is to promote greater transparency and to reassure members that investments undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
When compared to Q3 2013, the most notable change was IJM Corp Berhad reappears in the top 30 while WCT Berhad dropped.
In the same period, EPF increased their share in Public Bank Berhad, Tenaga Nasional Berhad & United Plantation Berhad more than 1% while increased their shared in AMMB Holdings Berhad by close to 1 percent.
EPF also reduced their holding in reduce holding in Dialog Group Berhad & IJM Plantations Berhad by 5.6% and 2.7 percent respectively. They also reduce their holding in Kuala Lumpur Kepong Bhd, Telekom Malaysia Bhd & Digi.Com Berhad, Axis Real Estate Investment Bhd, Petronas Gas Bhd by more than 1%
Generally, EPF reduced their investment in most of their holdings.
The table below are the tops 30 Equity Investments in companies listed on Bursa Malaysia as of 30th September 2014.
Previously, we looked at top 26 world’s sovereign largest pensions fund. The different between sovereign and non-sovereign funds are the fund ownership.
Sovereign fund is established by national authorities for the meeting of pension liabilities. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.
Malaysian largest pension fund, EPF drop 2 spots from 10th in 2012 to 12th spot in 2013 but the funds’s total assets grew from $153.89 billion to $175.72 billion. On the other hand, KWAP up 13 spots from 130th in 2012 to 117th in 2013. The total assets grew from $24.86 billion to $29.06 billion.
The table below shows top 300 world’s largest pension funds. The data shown here are as of end 2012 & early 2013.
For year 2013, Employees Provident Fund declared 6.35 percent dividend, the highest since year 2000. For the same period, there are 6.53 million active EPF members with total combined savings of RM396.53 billion up RM36.36 from the same period in 2012. Total savings including inactive members stood at RM586.66 billion.
For those who interested to know the savings profile for active EPF members as of year end 2013, kindly take a look at the following table. It shows the savings range, number on members and total savings for each range.