Employees Provident Fund

The Employees Provident Fund (EPF) has declared a dividend rate of 5.35% for conventional savings for 2022 with a total payout of RM45.44 billion.

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The fund also announces a 4.75% dividend rate for shariah savings.

SHAH ALAM, March 4 — The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout ...

During the EPF 2022 financial performance media briefing, its chief executive officer, Datuk Seri Amir Hamzah Azizan, also announced a 4.75 per cent dividend for shariah savings with total payout of RM5.70 billion for 2022. This brings the total payout amount for 2022 to RM51.14 billion. SHAH ALAM, March 4 — The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout of RM45.44 billion.

The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 percent for conventional savings and 4.75 percent for syariah accounts for 2022, ...

This is a drop from the 2021 dividends when it gave out 6.10 percent for conventional savings and 5.65 percent for syariah accounts...

KUALA LUMPUR: Strong policies are needed to rebuild the Employees Provident Fund (EPF) members' savings after a series of withdrawals in the Covid-19 years ...

This would more than replace the lost funds and give the EPF a bigger fund to invest. "Our workforce is mostly dominated by SPM holders and below, which is about 70 per cent of the total workforce. It is worth RM2 per month for a normal 20-year retirement period." "The government last raised the defined contribution (DC) rate in 1996, but with intermittent cuts over the years. The dividend in 2021 was probably higher ahead of general election to create a feel-good factor which did not work," he added. This will mean, among others, a sustained low inflation environment throughout the retirement period and low pension payments.

As at 31 December 2022, the EPF recorded a lower total gross investment income of RM55.33 billion, compared to RM68.89 billion in 2021, driven by high ...

This is in addition to the 15 mobile vehicles and 63 employees already deployed by the Mobile Team. With almost half of the EPF’s total asset allocation in Fixed Income instruments, comprising Malaysian Government Securities and Equivalent, as well as Loans and Bonds, the retirement fund was able to maintain steady returns. Tan Sri Ahmad Badri said, “We anticipate that the 2023 investment climate will continue to be challenging in the short and medium term. Concurrently, the EPF is ramping up its Outreach Programme to promote voluntary contributions to build up members’ retirement savings. A total of 74% of the total amount came from Shariah-compliant counters that underperformed, which in turn impacted the EPF’s Simpanan Shariah performance for the year. The EPF’s diversification into foreign assets and currencies allowed it to realise additional gains with profits from non-Ringgit sources and added value to the retirement fund’s overall return. The performance of these two asset classes is in line with the return expectations set by the SAA. The Equities asset class contributed RM30.54 billion, or 55% of the EPF’s total gross income, lower compared to the RM41.06 billion recorded in 2021. Notwithstanding the economic situation, we will continue to prioritise the long-term success of our investment portfolio and the rebuilding of our members’ retirement savings,” he added. Geopolitical instability was also a major factor in driving market gyrations, with the Russian invasion of Ukraine causing a major dislocation in commodity prices, compounded by sabre rattling between the US and China. The financial year 2022 was marked by both slower global growth and high inflation rates, compounded by the tightening of monetary policies by major central banks to reel in inflationary pressure. This was largely due to our overarching strategy that emphasises long term sustainability of investments and returns, in line with the EPF’s Strategic Asset Allocation (SAA).

SHAH ALAM (March 4): The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout ...

This brings the total payout amount for 2022 to RM51.14 billion. During the EPF 2022 financial performance media briefing, its chief executive officer, Datuk Seri Amir Hamzah Azizan, also announced a 4.75 per cent dividend for shariah savings with total payout of RM5.70 billion for 2022. SHAH ALAM (March 4): The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout of RM45.44 billion.

SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022, with a total payout of ...

A total of 74 per cent of the total amount came from Shariah-compliant counters that underperformed, which in turn impacted the EPF’s Shariah savings performance for the year. Amir Hamzah said to ensure long-term portfolio health, the fund took the prudent measure of writing down RM3.43 billion of its listed equity portfolio in 2022, which was higher than the RM1.15 billion write down recorded in 2021, in line with the volatility in the equity markets. “This portfolio generated lower gross investment income compared to 2021, largely due to lower valuations of the underlying assets, apart from lower distributions received for the year,“ he said. In 2022, the equities asset class contributed RM30.54 billion, or 55 per cent of the EPF’s total gross income, lower than the RM41.06 billion recorded in 2021. As at Dec 31, 2022, the EPF recorded a lower total gross investment income of RM55.33 billion, compared with RM68.89 billion in 2021, driven by high market volatility and lower valuations across equity and fixed income markets. SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022, with a total payout of RM45.44 billion.

The Employees Provident Fund (EPF), the country's largest pension fund, has declared a dividend rate of 5.35% for conventional savings for 2022 — lower ...

The fund also recorded lower total gross investment income of RM55.33 billion in 2022, down 19.7% from RM68.89 billion in 2021, dragged lower by high market volatility and lower valuations across equity and fixed income markets. The equities asset class contributed RM30.54 billion, or 55% of the EPF’s total gross income, lower compared with the RM41.06 billion recorded in 2021. The EPF’s dividends for conventional savings had ranged from a low of 5.2% (2020) to a high of 6.9% (2017) over the past decade. The EPF had declared dividends of 6.1% for conventional savings and 5.65% for shariah savings in 2021. The dividend rate for shariah savings for 2022, meanwhile, stood at 4.75%, with a payout totalling RM5.7 billion. KUALA LUMPUR (March 4): The Employees Provident Fund (EPF), the country's largest pension fund, has declared a dividend rate of 5.35% for conventional savings for 2022 — lower compared with 2021's 6.1% rate, with payout amounting to RM45.44 billion.

SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout of RM45.44 ...

During the EPF 2022 financial performance media briefing, its chief executive officer, Datuk Seri Amir Hamzah Azizan, also announced a 4.75 per cent dividend for shariah savings with total payout of RM5.70 billion for 2022. SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings for 2022 with a total payout of RM45.44 billion. The EPF has declared a dividend rate of 5.35 per cent for conventional savings and 4.75 per cent for shariah savings for 2022.

Economist Yeah Kim Leng says members had been bracing themselves for a lower dividend given the turbulence in financial markets last year.

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