i was thinking the same. The investment income has grown from 2019 by a substantial sum. i cannot see it less than 4.5%.
UNLESS they with hold declaring all the income as dividend.

What has i-Lestari got to do with dividends given.?????

Dividend declared is based on the previous year's earnings. The withdrawals are in the coming months.
Are they messing with us?

This post has been edited by prophetjul: Jan 14 2021, 09:31 PM

I will be the first time in history. Hopefully it is acceptable!

Then why are you making such a comment?

Unless Q4 is disastrous...........

Seems that they are trying very hard not to exceed the dividend of ASB!

It is evidence that EPF could have been short changing us all these years.

It was discussed but not evident.

Maybe it should be discussed whether this is fraudulent?

This post has been edited by prophetjul: Feb 6 2021, 11:28 AM

EPF's equity investments is not only local.

It would be more interesting to know what percentage of income is from foreign investments since PNB is less active in this respect?

And also the returns per UNIT.

This post has been edited by prophetjul: Feb 6 2021, 01:31 PM

Who is this?

We should be very worried about a utility guy taking over one of the world' s largest pension fund management company!

How is he even qualified?

This post has been edited by prophetjul: Feb 11 2021, 08:44 AM

ALL THESE in the hands of a utility man!

EPF primary duty is to subscribe and support Malaysian government bonds to support national development. That is one primary reason that the returns is largely muted by bond yields.

Face says same as ASB. Manipulation.

it is the time of the year this thread heats up.

Anything below 4.25% is manipulation of profits attributed to us as shareholders. This is considering the good performance of Y2020.
unless there is a total collapse of Q4.

4.25% was what ASB declared. I believe EPF has done better than PNB last year going by the first 3 qtrs of results. Indeed, if they maintain the same for Q4, the dividend should be at least on par with 2019.

This post has been edited by prophetjul: Feb 18 2021, 09:29 AM

Why? earnings are earnings. Principal is principal. i sinar needs cash, not earnings.

That is what i said. Cash to pay the i sinar withdrawals.
Earnings are paper numbers, not necessarily cash.

Fund may be deprived of opportunity to invest in higher return asset classes such as overseas equity, real estate and infrastructure

by NUR HANANI AZMAN / graphic by MZUKRI MOHAMAD

THE Employees Provident Fund (EPF) may be forced to deviate from its investment strategy following the decision to allow i-Sinar withdrawal without conditions last week.

Experts said the fund may need to have a higher percentage of its investment in liquid investments such as money market instruments, which normally give a lower return on investment.

“The reason for doing this is to ensure enough liquidity to cater to these withdrawals. However, this will deprive the opportunity to invest in higher return asset classes such as overseas equity, real estate and infrastructure,” Putra Business School Assoc Prof Dr Ahmed Razman Abdul Latiff told The Malaysian Reserve (TMR) yesterday.

“Nevertheless, the impact will not be severe and EPF will still be able to give a competitive rate for its dividend.”

The EPF’s overall investment assets stood at RM924.75 billion as of Dec 31, 2019, of which 37% comprised a Shariah-based portfolio and 63% conventional portfolio or Simpanan Konvensional.

Returns from the entire conventional portfolio and part of the Shariah portfolio are attributable to Simpanan Konvensional.

For 2019, the EPF reported a gross investment income of RM50.29 billion, with two-thirds coming from stable interest and dividend streams.

Of the RM50.29 billion, RM45.82 billion was attributed to Simpanan Konvensional.

Ahmed Razman believes EPF’s dividend for 2021 will not be heavily impacted by the i-Sinar programme on expectations of a recovery in the global economy in light of the Covid-19 vaccine rollout.

“On these factors, EPF will be expected to get a higher return than 2020 and the impact of the withdrawals under the i-Sinar programme will be minimised,” he explained.

Finance Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz had previously said the i-Sinar withdrawal would cost the fund about RM70 billion.

Last week, he said the fund is in the process of removing all conditions for the i-Sinar facility, on the advice of Prime Minister Tan Sri Muhyiddin Yassin after receiving public’s feedback.



The fund also announced the appointment of new CEO Datuk Seri Amir Hamzah Azizan effective March 1.

Ahmed Razman said the latest initiative will be the best to aid people in need without the hassle of bureaucracy.

He cautioned against withdrawing the retirement savings, other than for addressing immediate financial woes, saying the money should not be used to buy unnecessary items, to invest in shares or to start up a business.

“The implications from these actions will probably impact their retirement savings levels.”

Centre for Market Education CEO Dr Carmelo Ferlito said while it is commendable to give individuals access to those facing financial difficulties, the same aid may not be available in the future if the savings are exhausted.

“The main challenge I see ahead is that resources withdrawn now will not be available in the future. In fact, the fund is mainly created to prepare people for the future and not to support in moments of crises.

“Therefore, individuals will have to carefully weigh the trade-offs between present and future availability of funds in order to come up with the right decision,” he told TMR.

Ferlito said the fund must have weighed on all possible scenarios before reaching such a decision.

Institute for Democracy and Economic Affairs senior economist Adli Amirullah believes the i-Sinar facility can help alleviate the household burden caused by the pandemic.

“This (move) will only provide temporary relief. The real answer to this is how much the government is willing to spend from its own pocket to help out these households that are really impacted by the crisis.

“i-Sinar is just a temporary tool and in fact, not an effective one to help the most vulnerable group during this crisis,” he told TMR.

Universiti Kuala Lumpur Business School economics lecturer Assoc Prof Dr Aimi Zulhazmi Abdul Rashid said the withdrawals will impact minor wage earners most, but not those who already have significant EPF savings.

“This will benefit the small wage earners who lost their incomes, as well as injecting cash into the domestic economy.

“Those who have significant savings of EPF may have to think carefully as the percentage of savings in banks or other agencies are currently lower than what is given by EPF,” he told TMR.

Aimi stressed that as long as the EPF is able to manage its operations, including i-Sinar applications, it would not pose a burden for the fund.

“Otherwise, the massive withdrawal activities will overwhelm EPF operations.”

https://themalaysianreserve.com/2021/02/16/...ar-withdrawals/