No rush for tiered EPF dividends

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

KUALA LUMPUR: After announcing surprisingly good 2021 dividends for contributors – 6.1% for conventional savings and 5.65% for syariah savings – the Employees Provident Fund (EPF) says it will not rush into implementing a tiered dividend system.

Such a move, which could be gradually introduced to induce people towards a certain behaviour, would have to be studied first, said the fund’s CEO Datuk Seri Amir Hamzah Azizan.

“If we look at how EPF has operated throughout the years, a measured approach has always been taken,” he said. “The key is to understand the long-term implications of these events and ensure we have the agility to move our portfolios to adjust,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Allow contributors final EPF withdrawal, says MP | Malay MailKUALA LUMPUR, March 1 ― A Member of Parliament today suggested that the government allow Employees Provident Fund (EPF) contributors to withdraw their savings for the last time. Datuk Seri Mohd Salim Sharif (BN-Jempol) during the debates on the Royal Address in Dewan Rakyat said this was because... election talk. hahha lanjiao
Source: malaymail - 🏆 1. / 86 Read more »

EPF declares 6.1% dividend for 2021 | The Malaysian InsightFund announces pay-out slightly above market expectations, due to 26% rise in net investment income. Thanks
Source: msianinsight - 🏆 8. / 63 Read more »

EPF declares 6.1pc dividend for 2021, all-time high payout of RM57.1b | Malay MailKUALA LUMPUR, March 2 ― The Employees Provident Fund (EPF) has declared a 6.15 per cent dividend for conventional savings and 5.65 per cent dividend for Shariah savings in 2021, according to local business daily The Edge. In a news report published online this afternoon, the daily reported that...
Source: malaymail - 🏆 1. / 86 Read more »

EPF declares 6.1% for conventional savings, 5.65% for syariahKUALA LUMPUR: The Employees Provident Fund (EPF) has declared a dividend rate of 6.1% for Conventional Savings 2021, with payout amounting to RM50.5bil and 5.65% for Syariah Savings 2021 with a payout amounting to RM6.3bil.
Source: staronline - 🏆 4. / 75 Read more »

EPF posts stronger performance amid economic rebound, focuses on rebuilding members’ savingsDeclares 6.10% dividend for Simpanan Konvensional and 5.65% for Simpanan Shariah, with total payout of RM56.72 billion
Source: staronline - 🏆 4. / 75 Read more »