PETALING JAYA: Aug 31 is the final day for Employees Provident Fund (EPF) members to apply for a one-time transfer of funds from Account 2 (Akaun Sejahtera) to Account 3 (Akaun Fleksibel). Many members have already taken advantage of this option to enhance their cash flow, while others are planning to do so before the deadline. ALSO...
PUTRAJAYA: Any polemic related to the BlackRock issue that is linked to the Israeli regime could affect Malaysia's interests as a developing country, says Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the July monthly assembly of the Prime Minister's Department here on Monday (July 1), Anwar reminded everyone not to be 'excessive' in discussing polemic...
PETALING JAYA: The Employees Provident Fund (EPF) recorded total distributable income of RM19.20bil for the first quarter ended March 31, 2024 (1Q24), an increase of 33.1% from the RM14.42bil recorded in the corresponding quarter in 2023. The distributable income does not include mark-to-market (MTM) gains of securities that have not been realised. EPF chief executive officer, Ahmad...
KUALA LUMPUR: It is time for Malaysia to embrace serious reforms in its pension and retirement framework to ensure financial security and equity for all Malaysians, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar said a recent survey found that 26.1% of respondents above the age of 60 will continue to work until their health fails...
PETALING JAYA: EPF members have been reminded to use their i-Akaun app to handle issues revolving around their Akaun Fleksibel, popularly known as Account 3, instead of lining up at their branches. The exception is for withdrawals of more than RM30,000 or those who have changed their banking details, EPF said. However, a quick check by The...
Malaysia’s sovereign wealth fund and public pension provider are considering taking Malaysia Airports Holdings Bhd. private, according to people familiar with the matter, as trading in the airport operator was suspended Wednesday. Khazanah Nasional Bhd. and the Employees Provident Fund are working with an adviser on a possible deal, the people said, asking not to be named...
PETALING JAYA: Members of the public went in droves to Employees Provident Fund (EPF) offices to get more information on or opt in for Account 3 after its introduction. Under a restructuring plan that took effect on May 11, EPF accounts are split from two to three for members aged below 55. A survey by Bernama saw...
RECENTLY, a notice circulated on WhatsApp claimed that if one of your beneficiaries in the EPF (Employees' Provident Fund) Nominees List dies, it would automatically void the whole arrangement of the list. The message implied that if you only list one nominee, and should he or she die before you, your EPF savings will be surrendered...
PETALING JAYA: Almost half of the 123 subsidiary companies under five federal agencies lost almost RM2bil in 2022, according to the Auditor-General’s Report on Federal Agencies 2022. The five agencies were Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), Federal Land Development Authority (Felda), Retirement Fund Inc (KWAP) and Lembaga Tabung Haji (LTH). These five federal...
PETALING JAYA: Many workers in both the formal and informal sectors plan to contribute more to the Employees Provident Fund (EPF) to assure an easier retirement. Fund members taking part in the voluntary contribution programme said it is a prudent and stable way to save for the future, while also providing reasonable returns and peace of...
