EPF remains committed to strengthening leadership, governance

An EPF employee takes a look at the EPF’s 2015 Annual Report after its unveiling. — Bernama photo

KUALA LUMPUR: The Employees Provident Fund (EPF) remains committed to strengthen its leadership and governance, en route to foster a performance-based corporate culture.

Chief executive officer Datuk Shahril Ridza Ridzuan said good governance and integrity would continue to drive the fund.

“EPF will continue to enhance our customers’ experience by introducing new online facilities and roll out more self-service options for both members and employers,” he told a press conference after unveiling EPF’s 2015 Annual Report here yesterday.

Shahril Ridza said the e-Pengeluaran, an online platform set up specifically for individual EPF withdrawal, would be extended to include withdrawals for education and critical illnesses.

“We also want more banks to participate in the e-Pengeluaran for withdrawals to purchase houses,” he said.

As at Dec 2015, there were 14.55 million EPF members, out of which 6.79 million are active contributors.

As for total investment assets, it rose 7.54 per cent to RM684.53 billion in 2015 from RM636.53 billion registered in 2014.

Shahril Ridza said EPF ended the year with RM44.23 billion in total gross investment income, up 13.2 per cent, from RM39.07 billion achieved in 2014.

“Gross return on investment was higher at 7.48 per cent compared with 7.25 per cent recorded in the previous year.

“Net inflows stood at RM15.73 billion, with annual contribution higher by 4.91 per cent at RM59.98 billion against RM44.25 billion of total annual amount withdrawn,” he added. — Bernama

 

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