EPF i-Akaun Secret Image and Secret Phrase so easy to change without even need TAC/OTP via SMS.

Not saying you are wrong, sometimes getting too big can itself be a problem, more difficult to perform at its best.

From history ...

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I have not updated my spreadsheet for the past few years. Too lazy to do it now. So just used the data I have.

Historical trend is no guarantee but it is a good indicator, predictor.

But hope I am wrong this time.

If my memory is still ok, revenue for 2018 was the highest in EPF history (Q1-3 revenues were higher than 2017 year total!). One expected the dividend to reflect that. But it did not. Of course, it is not comparing apple with apple as the funds it collected were higher than previous years. Still think the dividend rate for 2018 should be at least 1% higher.

My 2 cents, when things are good, the dividend may be slightly higher or even lower! Maybe to save some money for the coming bad years? But when things are bad, one gets the lower number with comments like  "very tough economy, etc., etc. "

Cheerio.

Well, seems like you have made up your mind, so I will say nothing more... I think I will comment no more on this thread since everyone prefers to believe in their own version of reality.

KWSP has like 800bil and 30% foreign investment while PNB has like 300bil and 8% foreign investment ( trying to reach 30% too in 2-3 years time ). KWSP 30% foreign investment brought in 37% of the income..

Hope hope EPF give 6%+ for 2019.. 2020 will be tough due to this Covid19

Concerning when during this time, changing CEO. And some more not from internal EPF team... This guy seems like a jumper. Jump so many companies.

Now you know
https://www.astroawani.com/berita-bisnes/pe...n-sumber-282485

bursa 2018 1700, 2019 down to 1600, 2020 up to 1650
is my question illogical?

- "Lesser investment fund to generate higher returns" also means lesser cash on hand, as i-sinar withdrawals transfer the cash out. Same realised profit / Lesser fund = Higher ROI per ringgit.

Nonsense! 10 years ago EPF size 400 Billion still return 5.8%

Doesn't matter withdrawal, increasing, size 100 billion, 500 billion, 1 trillion....EPF job to get decent return each time.

They got the creme de la creame master degrees finance guys, hahvard, standford learn from the gurus in there. If they can't do the job managing the fund, should be fired years ago. They know what to do la

If you read between the lines on his linkedin updates, it is quite clear he was removed. Seems like a solid CEO.

This is going to be unpopular opinion in this forum, because I'm on the same page with the Edge's Cindy and the previous Mr Thomas.
People tend to react negatively to this sort of suggestion for a simple reason, all private sectors employees are vested in EPF. As soon as they hear their returns will be lower, they just shut off their mind and insists it's a terrible terrible idea. So I understand where you came from. But maybe you have not understood where the likes of Cindy and Thomas are thinking.

Well, before you start bashing me, I want you to do one thing - Pretend this is not EPF for a moment, it's a pension fund in another country with similar income disparity and aging population. Pretend you are running that pension fund, or running that country. What is best for the country, not what is best for an individual depositor.

Not every forummer would be able to do that, I've accepted the fact. But I hope you rise up to the challenge, and really use an objective mind to look at what I have to say

My suggestion would be taking some ideas from Cindy and Thomas, and added my own twist to it.

1. There would be a "bonus" dividend for those depositors having less than basic savings set by EPF at their age - This is a concept borrowed from Tabung Haji dividend distribution. It could be 3-5% and will give a boost to those who are not earning as much, and the power of compounding is going to work to the advantage of the younger population who are not making as much as they are expected to be able to have sufficient retirement savings. It also reduces the low income earners' urge to withdraw from EPF at every chance they have.

2. How to fund the extra dividend for (1)? For every RM above RM1million savings per depositors, they will get 1% less dividend than the dividend rate declared for that year. These people have the ability to withdraw at anytime, they are basically treating EPF as their personal investment manager without having to pay for it. This is the best risk free capital guaranteed, min 2.5% guaranteed return product you would ever find in Malaysia. Sure, the rich put their money elsewhere, but they also put some of their money in EPF as a replacement of FD. Remember - they can withdraw these savings ANYTIME, EPF had to keep buffer in cash because of these people and dragging down the returns. So it's not to OUR advantage that the rich keep a lot of money in EPF

3. You may ask, how can that 1% reduction in the rich's returns give 3-5% extra returns to those with less than basic savings? Well, because the rich are keeping so much money in EPF currently; and I dare say, even if this is implemented, most will still keep their money there as it's still higher than commercial banks. currently EPF targets inflation rate + 3% returns on 3 years rolling and it's really good for almost risk free investment



Only 0.3% of the depositors need to take this 1% hit actually and benefit more than 70% of the depositors. Sounds like a good impact to a country, no? Fairer distribution of income.

4. Many of you felt that these low deposit balance people "deserved being poor", or "did it to themselves". I tend to disagree, but I do feel that there need to be better social safety net to "help people help themselves"
How about this? In conjunction with the implementation of (1), which adds money to their account, it comes with a condition that at the retirement age, the amount below basic savings are retained to be put into annuity scheme, where they get paid an income on monthly basis, it's probably very little, like RM2000 or so with RM240,000 basic income at 55 yo. This is similar to what CPF had implemented a few years ago and it's again a necessary but unpopular move that EPF had shy away due to public negative reactions.
Why is this annuity scheme important? Obviously too many people spend the retirement savings soon after they took all of it, and research shows that poor people make poor decisions because of their circumstances, sometimes they couldn't help it, so it's necessary for policy making to take that into consideration.
Now, back to you as one of EPF depositor, why should you not react negatively to EPF giving more returns to the poor than the rich when you belong in the "rich group"?
Because, believe it or not, we pay for these poor people who have not enough retirement savings one way or another. If we don't pay for it in the form of lower EPF returns, we will pay for it in taxes (could be inheritance tax, capital gain tax, GST etc), or our future generation will pay for it, in both $$ and doomed future because the country is no longer competitive

For anyone who read all the way here, thank you   
You can now start bashing me