Hi,

I am a wealth advisor in the industry, and just to share some of the things EPF has done in its effort to safeguard their investor's interests.

Part of its effort is to ensure that investor's invest their money knowingly. Example, to invest using the EPF investment scheme investors have to sign & thumbprint on the forms. However, some consultants committed fraud by 'scanning' the thumbprint & printing them on the official form, as if the client gave permission to invest. EPF has warned the providers to take action & stronger/stricter enforcement on the consultants.

Also, EPF is very strict on its use of logos, name, etc. Even if you open a booth next to their office is prohibited & grounds for termination of your license to practice.

As it stands, it is within their right to suspend a provider to safeguard the interest of the EPF investors.

Hi jutamind,

EPF conduct review of funds on an individual basis, I don't think Public Mutual fund is so bad that they will suspend a whole fund house.

Hi sam sam,

Perhaps you are unaware that many companies offer good investment returns even higher than Public Mutual. However, they lack the marketing dollars, number of agents & reach to promote their funds like Public Mutual.

Also, I don't think its a conspiracy like you mentioned. This is usually an enforcement issue, & in my opinion it is probably temporary. My guess right now is Public Mutual has to rectify whatever reasons that caused the suspension.

Hi sam sam,

Sure, of course. If you see the link in the first post, there are many others companies you can invest in apart from Public Mutual.