Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. 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.
For Q4 2011, when compared to September 2011, the most notable changes are AirAsia, Globetronics Technology, Plus Expressway and AEON no longer under EPF Top 30 Equity Investments. Replacing the position are Petronas Chemical, Axis REIT, Maybank and Hong Leong Bank.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31st December 2011.
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As highlighted in 2012 Budgets, Employees Provident Fund (EPF) members who are Muslims and have at least RM1,300 savings in their EPF Account 1 will be able to register for the hajj with Tabung Haji (TH). The facility offered starting from 3rd January 2012.
The other eligibility criteria are, EPF members must be a Malaysian citizen or permanent resident, below 55 years old & have a savings account with TH.
This is a great facility but remember that the facility does not expedite an early date for the Hajj.
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As highlighted during 2012 budgets, employers’ statutory contribution rate for Employees Provident Fund (EPF) will be increased from 12% to 13%. However, the increase is only applicable to the workers who earning less than RM5,000 a month. The employees’ contribution rate remains at 11%.
For employees of 55 years old and above (up to 75 years old), the new employer’s share contribution rate is 6.5% from 6.0% previously. The employees continue to contribute at 5.5 per cent.
Kindly refer to “Employees & Employers EPF Contribution Rate since 1952” for historical employees & employers rate.
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Since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. 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.
For Q3 2011, when compared to June 2011, EPF was increasing its stake in most of its portfolio. One on the most notable changes is, AirAsia appeared in EPF top 30 investment portfolios while Maybank out of the list.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th September 2011.
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Previously, we looked at 2011 top 300 world’s largest pensions fund where Malaysian funds, namely Employees Provident Fund at position number 9. 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.
EPF move 1 rank up from 6th spot in 2010 to 5th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund
The table below shows top 26 world’s largest sovereign pension funds.
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