Nope Hansel don't have KWAP thread here

anyhow I wonder how "good" is the rate

not sure how much is the Rate of return on KWAP    but I know gomen is trying their level best to reduce the amount allocated for pensioners & try to get fully from KWAP alone without gomen toping up the amount. something like self sufficient 

KWAP and KWSP need to be synchronised in their returns. ...

Edited : IT's hard to pronounce the 'KWAP' in short,... 'Quack' ??? Doesn't seem nice,....

This is my opinion between KWAP & KWSP:

I) KWAP is what we termed defined pay-out scheme. This means that come rain or shine, KWAP must pay out the a definitive cash flow to its beneficiaries. In this case it is usually a % of last drawn salary until the beneficiary attain mortality (sampai mati!)

II) KWSP is termed defined contribution scheme. This means that come rain or shine, KWSP members must contribute a definitive amount of cash-in to KWSP until a certain age. In this case it is (11% + 12% of last drawn salary) until age 60.

III) KWAP ROI is of no consequence to its beneficiaries; meaning, ROI good or bad... you still get the same fixed income. If KWAP get good return; to the beneficiaries... it is only a "syiok sendiri" news.

IV) KWSP ROI is slightly better news to its members because based on historical trend, when its ROI improves, the dividend declared trend higher despite members putting in the same amount of contribution.

Xuzen

p/s Perhaps it is coincidental, but I do notice that of the big govt investment arm.... two of them that has bad publicity are helmed by UMNO office bearers (case in point: FGV by Isa & LTH by Rezeez).

It will be a good reference point to gauge on the performance of the KWSP because the Gov't would want the civil servants to enjoy the best of benefits. We all know how much this Gov't is on the side of the cvil servants.

Got the EPF 2015 total revenue. Did a quick comparison. See below.

[attachmentid=6020852]

We expected a lower % than 2014 as we thought EPF would not be doing as good due to the economy. Well, EPF did better than 2014 by about 5 billion!

AND YET A LOWER DIVIDEND!

Keep some money for the bad time ahead? Does EPF practise this?

Or some hidden hands and dealings only they know?

Cheerio.

Yes, as EPF is actually under government, i could sense that the shariah compliance might performed better than the conventional EPF..

This is only my point of view based on the performance of ASB as Bumi fund in comparison to the other funds like ASM, ASW2020, and AS1M..

But if they mentioned that they need to take away the capital guaranteed term, i will just forget about the conversion of my current conventional account..

Some salient points from the interview:

I) KWSP-MIS will be going online and to allow members to go direct UTF investment without agent. In future life is going to get more suckish for an agent, yes? @Sniperz!

II) KWSP-EFM management fee is around 0.25 to 0.30% p.a., versus 1.5% p.a., we retail investors are paying. But the KWSP CEO do not forsee a drop in annual management fee for KWSP-MIS for retail investors.

III) KWSP is sending a lot of their front line staff to get RFP qualification to provide quality professional advisory service FOC to members.

Xuzen

So far i participate pm, cimbwa, all rugi kaw kaw. Most rugu is cimbwa.
Dun wan to risk any further. Better keep in epf.

If you are a bumi, might consider asb & asb2. Both of them give 7-8% p.a

Does anyone know how the EPF accounting is done?

Are these realised profits?

And what about those shares which are underwater? Are provisions taken to reflect the losses?

Just wondering

Read here http://www.kwsp.gov.my/portal/documents/10..._FINANCIALS.pdf

The technically correct answer would take too long to write. The short answer is, the unrealised profits are not entirely reflected in the profit after tax used to distribute dividends to contributors

The good news is, over the years there were unrealised profits built up; so although the last 2 years there were unrealised losses, it's not a situation like Tabung Haji yet

But to be fair... does anyone even care other than the beancounters?

As a shareholder, Yeah i am interested how well my fund is doing. No?

Just to clarify, what is OCI ? How is the accounting of changes in fair value of stock investment carried out ?

Does it work this way ?

1. Impairment (more permanent in nature) - charge to P&L
2. Loss in acquisition cost vs market price (temporary in nature) - charge to reserve, not affecting current year P&L

http://m.themalaymailonline.com/malaysia/a...h.CkuW7c8x.dpuf

Guy want your opinion?
See what our epf money done?

My first tranche from KWSP a/c 1 into Eastspring is mid 2013, up to now it is around 30 mths invested with Eastspring KWSP-MIS. This is my 3rd UTMC switched i.e., from Pub-Mut to Eastspring.

NB: I did not take into consideration the calculations from my previous (since 2006 - 2009) with OSK (now is called RBH) and Pub-Mut (2009 - 2013) times, simply because I did not keep good record. But if I remember they were in low teen range during investment with those previous UTMC.

For this Eastspring era I did not withdraw it in fix period, I take it as I suka-suka and I did not mark down the date exactly when I withdraw subsequently. Hence I am unable to calculate the IRR exactly.

In lieu of that I just use my present capital withdrawn divided by 30mths (i.e., the total length of time invested with Eastspring so far) = pmt, N = 30, PV = 0, FV = my current NAV. Now I need to calculate the I/Y x 12

The calculated I/Y x 12 = 9.XX% p.a.

Some story telling time:

I first started with KWSP-MIS way back in 2005 or 2006 with OSK (because OSK next door to my work place, very convenient and those days no internet, all must be submitted manually) because I gatal-gatal wanna oomph up my KWSP investment. At that time I do not know anything at all about investment. But somehow I by lucky chance know that if I put 50% in KL-Tracker and 50% in OSK Money Market, I can tolerate the swing in volatility. This was not even taught to me by the then agent.

Perhaps another reason why I chose KL-Tracker and OSK-MM is because their sales fee was 1% & 0% respectively. See! Even before all these low fee issue become a hot topic, somehow at the back of my unenlightened mind, I knew that low fees was the way to go!

Then I started asking a lot about investment to who else? My accountant lar! My accountant also don't how to answer me because traditional accountant do not know about investment. So that accountant introduce to me the course CFP™ by FPAM. And I went for it! And boy, I learn so much and gain a lot of investment knowledge from it. Hence that is I why I am a huge advocate of CFP course.

Some fellow student there then asked me to become agent so that I can save on fee. And I bodoh-bodoh become a Pub-Mut agent to save on fees. Those days seriously no FSM or any other DIY platform, you must go through agent, and the best agent for me is myself!

From 2009 - 2013 I become Pub-Mut agent and saved some fees because the fees were paid back to me. Some of the funds from Pub-Mut  I remember participating are PSF, PRSF, PISEF, PIBond, PSBF etc.

Then in 2013, I switched to DIY platform because they became more widely available.

End of my story.

Quote : As of 8.30am today, 5,000 members had applied to convert their conventional EPF savings to Simpanan Shariah at 68 branches nationwide.

Is there anything tat they know but v dunno?

Do you believe, if I tell you, many allocated fund from the government to the religious bodies, were not used appropriately. If not, talk to the suppliers or contactors who had provided services to them.

In a real world, the title and the action, are separated in practice.

I am very doubt about Tabung Haji of their ability of issuing 5+3 in 2015 dividend.

I neither believe nor disbelieve. I choose to remain impartial.

Without irrefutable evidence, this is plainly kopitiam talk. If got irrefutable evidence, then the whistle-blower should be talking to MACC, not at LYN forum.

My above original post is to inform that the Syariah Finance's theory, that is the funds cannot co-mingle with non-halal source. It "contaminate: the halalness. A proper operator would ensure that the two funds does not co-mingle. If the operator does not, either willfully or through negligence  then it is between him / her and his / her GOD!

Xuzen

Do you really think this is nothing to do with all of us? Is it a matter of the depositors only?

How do you ensure your paying tax money was not part of contribution for this 5+3 dividend?

Look at 1MDB, how money flowed from one place to another, and using in Casino and Night Clubs.

Yes - I do not have evidence, but, with all these missed management,  my doubt is very reasonable.

Unless, we don't believe WSJ and US prosecutors. Perhaps, the only trustable news, should from Utusan or Berita Harian.

EPF should retain at least 50% of the sum for gradually withdrawal during retirement.

I have seen many folks who are pittyful begging for monthly allowance from their children, after spending all their EPF saving, either for self use, or  family purpose.

Frequent visitors to this thread generally are like you. But, I strongly believe that we are not the majority.

By visiting the threads like "AKPK, Debt Issues", and "CCRIS, CTOS, Blacklisted by Ban", we can know that how poor these people in money management.

Basically, their minds has nothing other than thinking of where they can borrow money!

40% and these people won't be able to retire.

retirement age will go up to 70 years young