Obviously, PMB agents have committed certain offences that rendered the suspension necessary.

Anyone knows how long is the suspension?

One major offence committed by agents are promoting online, on blogs, FB and unauthorised use of EPF logos. This carries a heavy penalty.

I see this as a good move by EPF to suspense UTMC to rein in those UTCs who practices go against the code of ethics and FIMM & SC regulations.

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Added on October 30, 2012, 8:17 amAs I know UTMC have strict guidelines to adhere to, however enforcement have been severely lacking in the recent years, look at the number of blogs and FB pages promoting UT, UTCs themselves fail to observe the code of ethics set by FIMM. This would have likely caused some UTCs to make some remarks about EPF.

Anyway the days of blog, internet and FB promoting, and cold canvassing at EPFs offices are over now. It is about time UTMC and its UTCs toe the line. Good move by EPF.

This post has been edited by lunchtime: Oct 30 2012, 08:17 AM

Which is why it is about time EPF starts to penalise such UTMCs, therefore a good move by EPF. Start with the big boy, now the small boys will toe the line as well.

What you have posted is about funds review which is different from UTMC suspension. Non perfoming funds are not allowed for EPF investment.