Since March 2010, EPF reveal its top 30 equity investments in Bursa Malaysia on quarterly basis. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
The table below shows quarter 3 2010 Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th September 2010.
Under the EPF Health Withdrawal scheme, members are allowed to withdraw from their Account II to pay for their own and family members’ medical costs for the treatment of critical illnesses.
The list new now covers for the treatment of 36 critical illnesses compared to only 13 previously.
In addition to the 36 critical illnesses, members are also allow to make withdrawals to treat family members below the age of 16 for another three critical illnesses. The illness are severe asthma, leukaemia and intellectual impairment due to accident or sickness.
Family members include spouse, children, step-children or legally adopted children, parents, parents-in-law, step-parents or legal foster parents and siblings.
The table belows are the new list of critical illness that eligible.
Ever wonder where do Employees Provident Fund (EPF) invest our money?
Now, it is possible to gather this information because EPF make a decision to publish its Top 30 Equity Investments in companies listed on the Bursa Malaysia on a quarterly basis.
The aim for this excercise is to promote greater transparency and to reassure members that investment decisions undertaken are in the best interest of growing their retirement savings and in accordance with best practices in investment and governance.
The table below shows the Top 30 Equity Investments in companies listed on the Bursa Malaysia as of 31st March 2010.
Previously we looked at world’s largest sovereign fund & world’s largest pension funds where Malaysian funds position quite well in the ranking. The different between sovereign and non-sovereign funds are the fund ownership. Sovereign fund is state or government owned. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.
As of early 2009, EPF is at number 6 among the world’s largest pension funds with $98.8 billion in assets up from number 8 with $94.4 billion in assets previous year.
The table below shows top 22 world’s largest sovereign pension funds.
Previously we looked at world’s largest sovereign funds where Malaysian largest sovereign funds, Khazanah Nasional Berhad at position 22. Today, we going to look at world’s largest pension funds. Malaysia currently have two pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP).
As of early 2009, EPF is at number 18 among the world’s largest pension funds with $98.8 billion in assets while KWAP is at number 160 with $16 billion in assets. EPF was at position 23 with $94.4 billion in assets previous year.
The table below shows top 25 world’s largest pension funds. It cover both sovereign and private pension funds.