Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 EPF Suspended Public Mutual as Approved Fund Mgr, Suspension starts 29th October, 2012

views
     
prophetjul
post Oct 30 2012, 07:38 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

Why is Public mutual suspended?

Any reasons?
prophetjul
post Oct 30 2012, 07:50 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(daniellehu @ Oct 30 2012, 07:41 AM)
For the time being, the public has the slightest idea.
*
As usual, Msian authocracy.............ketuanan attitude.

i do what i like, no reasons required........ mad.gif
prophetjul
post Oct 30 2012, 07:57 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(daniellehu @ Oct 30 2012, 07:54 AM)
I understand the anger and frustration in you but let's keep our cool for the time being. Do observe the actions taken by relevant parties as to solve this issue. It is best as not to accuse any parties for no reason nor prove.
*
Many investors use Public M......AnY suspension should come with REASONs..........

Otherwise i have a right to be suspicious especially of gomen servant attitude. nod.gif
prophetjul
post Oct 30 2012, 08:05 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

Ask EPF


http://www.kwsp.gov.my/portal/en/reach-us/enquiry
prophetjul
post Oct 30 2012, 08:32 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(lunchtime @ Oct 30 2012, 08:07 AM)
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.


Added on October 30, 2012, 8:17 am
As 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.
*
i think most Funds would be trespassing these rules, not just Public
prophetjul
post Oct 30 2012, 08:37 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(lunchtime @ Oct 30 2012, 08:36 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.
*
Is that fair? ALL who trepass should be suspended as well
prophetjul
post Oct 30 2012, 08:44 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(sam sam @ Oct 30 2012, 08:42 AM)
Public mutual has been a better investment house than most other banks like Cimb which offers lower returns
This can't be the story or excuse given to stop the license
*
Exactly..........Public is one of the better ones in terms of performance
prophetjul
post Oct 30 2012, 09:05 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(dexterhau @ Oct 30 2012, 09:01 AM)
I see nothing from the link given...PUBLIC MUTUAL BERHAD is still in the list of Appointed Fund Management Institutions... What is the problem here?
*
Lookie agan

QUOTE
PUBLIC MUTUAL BERHAD
Blok B, Sri Damansara Business Park
Persiaran Industri, Bandar Sri Damansara
52200 Kuala Lumpur
(Note: Perkhidmatan digantung mulai 29 October 2012)

prophetjul
post Oct 30 2012, 09:54 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

QUOTE(daniellehu @ Oct 30 2012, 09:37 AM)
It is a valid argument and still, not good enough to put PMB on suspension.
*
Dats the reason i mentioned the ketuanan attitude of gomen workers

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0155sec    0.80    7 queries    GZIP Disabled
Time is now: 9th December 2025 - 11:57 PM