Thanks for the clarification

Boss prophet, as clarified by dasecret, the market movements of share prices which is temporarily showing capital gain/loss is not reflected in the P&L (hence, Not distributable to the members). But to present a fair picture of EPF's performance for the year, the gain/loss is adjusted in the reserve account.

I would think this is a very fair practice, as short term market movement is very common. EPF wouldn't want to face with a situation during year end when a sudden price surge/plunge happens and cause it's P&L affected by the short term movement. This will show a distorted picture on its performance of the whole year. Instead only impairment more permanent in nature is charged to P&L

Earlier this month (May 2016) during the interview with BFM radio station, KWSP CEO En Shahril said the target return of KWSP going forward is Inflation plus two. We know that the official Malaysia inflation rate is around 2.XX%, we should expect the coming year KWSP dividend to be around 4.XX and not more than 5.0%.

Don't just hope, get informed! Then plan ahead.

Xuzen

If 4.xx% better put promo rate FD liao. Can feel the thrill of putting FD again after so long. But me no EPF account.

Btw, if one is not working yet, can we apply for a EPF account? Need to go to EPF branch or can apply from bank like maybank, cimb? Thanks guys.

Spell out the "E" in EPF and you will get the answer

Bro Ramjade and Bro Wong,...

I think I'll still keep some in the EPF,... don't throw everything overseas,...

yeah - similar thoughts with yours - unless i can afford to migrate
1/3 in RM
1/3 in SGD + OZD + emerging markets
1/3 in USD

well that's my general aim anyway.
thus busy finding "worthwhile" equities & fixed income vehicles outside MY.
RM portion - largely in EPF or EPF-related (mutual funds, stocks, etc via EPF A/C1) lor - worker

Note - not that i distrust EPF, i just dont trust anything 100%, especially where the Gov is concerned (either wolves, BeNd or SquabblingThreeSome).
Thus, EPF and its dividends/returns still plays a role for my finances, no matter what.
I guess it's like the ang moh's 401K (matching or non-matching plans), IRA, ROTH IRA, etc and pension plans - they distrust but still have to play/use them.

This post has been edited by wongmunkeong: May 26 2016, 05:18 PM

NOT same as......

This post has been edited by MUM: May 26 2016, 09:07 PM

EPF’s electronic channels record surge in usage

http://www.thestar.com.my/business/busines...surge-in-usage/

guess everyone knows the benefit now

just a little insight and assurance....
Unshackle the EPF
Saturday, 28 May 2016
http://www.thestar.com.my/business/busines...hackle-the-epf/

see how they do the allocation to try to gives you > 6% pa...

I like tis quote
It is easy to see why the equities market is important for retirement funds such as the EPF to garner returns of 6% or more.

The link brings me to the mobile site main page. Can you provide the link to the exact article?

wrong link

really Lol-ed at the reply in the thread.

so much win

Shahril steals the show with deft answers
http://www.thestar.com.my/business/busines...h-deft-answers/

Two-tier returns
http://www.thestar.com.my/business/busines...wotier-returns/

I thought this one is the most interesting

http://www.thestar.com.my/news/nation/2016...-trusts-had-it/

Can we have a show of hand here who is the 1 out of 5 who made higher returns than EPF? Take like 3 years annualised instead of just YTD since YTD memang kaput and we don't know how much EPF made also

xuzen?

lukenn What about your clients?

This post has been edited by dasecret: May 30 2016, 10:32 AM

KUALA LUMPUR, June 11 — A bulk of debt-ridden Pembinaan PFI's funds came from a RM25 billion loan from the Employees Provident Fund (EPF), a parliamentary reply from the Finance Ministry has revealed.

According to the reply, however, the loan to the government-owned construction firm, which has reportedly racked up liabilities worth RM27.9 billion in liabilities as at end 2012, is guaranteed by government-backed land leases.

In a written reply to Shah Alam MP Khalid Samad, Finance Minister Datuk Seri Najib Razak revealed that EPF's portfolio exposure on government-linked companies up to March 31 totals RM79.99 billion and are in the form of fixed-rate loans and bonds/sukuk subscriptions backed by government and bank guarantees, and asset mortgage.

"EPF's investments in 1 Malaysia Development Berhad is limited to RM200 million, which is guaranteed by the Malaysian government.

"Meanwhile, EPF's exposure to Pembinaan PFI Sdn Bhd totals RM25.29 billion, which is guaranteed by a leaseback from the government.

"EPF does not provide any funding to Felda Global Ventures Berhad at this point," Najib said in the written reply to Khalid who had sought a list of EPF's investments in GLCs.

In March, Parliament's Public Accounts Committee (PAC) said it was satisfied with the explanation by Finance Ministry officials on how the federal government had issued bonds in the form of federal land leases through Pembinaan PFI to repay RM30 billion in loans from the country's two largest pension funds — EPF and the civil servants' pension fund Kumpulan Wang Persaraan (KWAP).

According to PAC chief Datuk Nur Jazlan Mohamed then, Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah had explained to the PAC that Pembinaan PFI has so far utilised RM28 billion as at 2013 for public infrastructure projects, which were "generally issued through open tender".

The funds were sourced from two tranches of loans from EPF and KWAP, with the first payout of RM20 billion issued in 2006 and the second tranche of RM10 billion issued in 2012.

The loans will be repaid through bonds issued on a 15-year tenure up to 2027 for the first tranche and a 10-year tenure up to 2023 for the second tranche.

DAP's Serdang MP Dr Ong Kian Ming had previously urged the PAC to grill the Finance Ministry on RM27.9 billion in liabilities racked up as at end 2012, raising questions as to its procurement methods and its ability to repay its debts.

He also questioned why the federal government was channeling funds for development projects through Pembinaan PFI instead of using allocations from the country's annual budget, among other things.
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That's what we suspected all along.