Computer can do it within a second for each member.

The real challenge is, let say, EPF declares 6% for 2017, and Islamic EPF declares 3%. Those transferred fund, particularly from non Muslims, will move back to EPF, over the night. The huge unscheduled withdrawal from Islamic EPF to EPF, will screw up the invested instruments in the Islamic EPF. Some are used in the long term investments, which are not easy to withdraw.

Unit Trust can do that, because the price is fully responsible by the subscribers. Whereas, pension fund has different agenda in the commitment.

This post has been edited by kpfun: Aug 10 2016, 03:13 PM

R u sure d above is correct?

Ageing population in Malaysia a 'potential crisis'
http://www.theedgemarkets.com/my/article/a...otential-crisis

typo error?

last I saw is around 15mil members only

92% of Malaysians worry over retirement funds, says BNM
http://www.thestar.com.my/business/busines...funds-says-bnm/

This post has been edited by nexona88: Aug 10 2016, 07:06 PM

waiting for news update. Will visit them after this "convert festival" less hype

better make fast decision..

already 41k member sign up

any taikor taijie here already made up mind and signed up?

I have decided to stay put

Interesting.

But to me, 41k out of x million is still a small no. Less than 0.01%.

How much is that 41K accounts in terms of RM? They are aiming for RM100 billion, right? Using an average RM167K per account, 41,000*167,000 = RM7 billion. My apology to those with 10* 167K per account for stating the average as 167K!

That RM amount is a better indication of the demand rather than just the number of accounts.

My 2 cents.

P/S My current plan is to stick to the original fund though I think the govt will try their best to make this 2nd fund looks look due to the religion connection. Just imagine, this fund gives a lower % than the original fund %. The new fund members will be crying and accusing the govt of betraying them, religion, etc etc. No offence intended here in speaking my mind.

Agreed.

Sometimes I wonder - if the 2nd fund performs well year after year beating 1st fund, what is stopping the 1st fund from investing in those invested by 2nd fund? To me, it should not outperform each other but compliment. I dont see one being much better off that the other. Perhaps only 0.5% diff.

Well I'm maintaining as usual..
Yes the numbers of members don't reflect the actual situation..

For those who will opt for I-KWSP, it is my opinion they are not doing it for the ROI, but rather for their religious belief.

A slight drop of 1 or 2 percent is peanuts to them, for they belief the real reward, the one that is permanent is to begotten not in this world but the here after.

So arguing it from the perspective of ROI is a moot point for them.

Xuzen

This post has been edited by xuzen: Aug 11 2016, 01:47 PM

+1

spot on..

anyhow wonder there's any effect on the conventional EPF dividend rate going future..

the big boss say No effect, but I got some doubt

yeah, the hype is mainly for religious reasons...... dont want to earn from sin business, etc...
indirectly meaning govt pays them less also ok ...
??you guys still wanna join

Cannot say one. Look at ASB, ASB2, Maybank eGIA-i.

This post has been edited by Ramjade: Aug 11 2016, 02:24 PM

yeah ada logic jugak, mahu kasi "kamu" untung,
dapat untung lebih mesti gua join jugak. so wait and see.

yesterday news say 41k member convert.

today news say 120k member..

tomorrow? 300k members?

next week 1mil members

I hope someone from EPF is following us here.

Like to know how much of the RM100 billion has been taken up.

I dun think they will reveal