Author Topic: EPF  (Read 12047 times)

Online king

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EPF
« on: November 08, 2015, 08:34:38 PM »

Majority of
Malaisian r not ready
For Retirement.

Offline U.K.

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Re: EPF
« Reply #1 on: November 08, 2015, 08:37:14 PM »
马啦神  :D

Offline Gladiator

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Re: EPF
« Reply #2 on: November 08, 2015, 09:34:01 PM »
EPF no more money  :S :S :S

Offline boyish - boyboy

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Re: EPF
« Reply #3 on: January 11, 2016, 09:43:58 AM »
If can I still want to work at the age of 80.
Don't know anyone employ me or not at this age?
Don't know my children let me to work at this age or not...

 :) :)

Majority of
Malaisian r not ready
For Retirement.
"Investlah Stock King Competition"
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Year 2014 Competition: 4th placing Unisem.
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Online king

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Re: EPF
« Reply #4 on: May 03, 2016, 02:18:41 PM »


After 1MDB’s US$50m default, EPF reiterates its 'limited' exposure
Alyaa Azhar
3 May 2016, PM 12:16
Updated 3 May 2016, PM 12:26
 
1MDB, last week, was declared in default after it failed to pay a US$50.3 million debt payment, but the Employees Provident Fund (EPF) today stressed that its exposure to the state investment arm is "very limited".

EPF chief executive officer Shahril Ridza Ridzuan in a press conference today was asked whether the EPF was concerned over its investments in 1MDB in light of the latter’s default.

Online king

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Re: EPF
« Reply #5 on: May 03, 2016, 02:21:20 PM »



EPF: No notice from trustees on whether cross default triggered on RM5b 1MDB sukuk
By Ahmad Naqib Idris / theedgemarkets.com   | May 3, 2016 : 12:18 PM MYT   
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KUALA LUMPUR (May 3): The Employees Provident Fund (EPF) said there has been no decision yet on the retirement fund's investment in 1Malaysia Development Bhd (1MDB)'s RM5 billion sukuk issuance, as the trustees have not deemed there was a cross default on the issuance — so far.

"So far, we have not been given any notice by the trustee on the RM5 billion issuance, as to whether or not they will be calling bondholders on the issue," said EPF chief executive officer Datuk Shahril Ridza Ridzuan, when asked if there has been a cross default on 1MDB's sukuk issuance.

"We'll just have to wait and see if the trustees deem there's a cross default and whether they have to bring the matter to bondholders. At this point, there's nothing so far," he said at the launching of the EPF's 2015 annual report today.

He said the fund does not have significant exposure in the issuance, at RM200 million out of the total RM5 billion.

"Our exposure to 1MDB is very limited. We have RM200 million out of the first RM5 billion issuance, when they were still known as the Terengganu Investment Authority (TIA).

"That exposure is fully government-guaranteed. We don't have a problem with it. We've never had an issue in terms of the servicing of payments by 1MDB," he said.

He added that the retirement fund is following the current developments surrounding 1MDB, saying there was "quite clearly a cause of concern" due to the ongoing dispute between 1MDB and Abu Dhabi's sovereign wealth fund IPIC, which stands for the International Petroleum Investment Company.

1MDB had withheld a US$50 million interest payment on US$1.75 billion of dollar notes last month, amid a dispute with IPIC, which is the co-guarantor of the bonds maturing in 2022, triggering a cross-default on its RM5 billion sukuk due 2039, and a RM2.4 billion Bandar Malaysia sukuk due between 2021 and 2024.

Last week, IPIC said it would pay the interest payment to holders of the notes, but would reclaim the sum from Malaysia's Ministry of Finance.

"In any event that 1MDB defaults, the government will step in to cover the debt to all bondholders," said Shahril

Offline ikan besar

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Re: EPF
« Reply #6 on: May 03, 2016, 02:57:25 PM »
If can I still want to work at the age of 80.
Don't know anyone employ me or not at this age?
Don't know my children let me to work at this age or not...

 :) :)

1 lady in singapore is still working at the aged of 92 in Mc D
maybe after your retirement u can also go MC D work until 120 yrs old
I heard dr kimmy lost alot of monies

Online king

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Re: EPF
« Reply #7 on: May 04, 2016, 02:27:24 PM »



公积金局投资回酬 7.48%历来最高
头条 全国  2016-05-04 07:32

 

纳西尔:2015年公积金局取得做好的总投资收益表现。
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(吉隆坡3日讯)雇员公积金局不久前宣布的6.4%派息率,所有会员的户头早已“袋袋平安”。
不说不知,该局为此而派出的382亿4000万令吉股息,原来是历来最高。
如此的耀眼表现,则又归功于该局去年的投资回酬率,创下了有史以来最高的7.48%。
尽管去年挑战重重,公积金局管理层还是有很多好消息要汇报。
有史以来最好表现 公积金局投资赚逾442亿
尽管去年经济环境极具挑战,雇员公积金局仍然取得亮眼投资表现,总投资收益达442亿3400万令吉,是有史以来最好的表现。
2015年的总投资收益与2014年的390亿7700万令吉相比,增加13.2%或51亿6000万令吉。
尽管当局海外投资仅有25%,但总投资收益的贡献占48%。
雇员公积金局副总执行长(投资)拿督纳西尔指出,截至去年12月,总投资资产为6845亿3000万令吉,与2014年6365亿3000万令吉相比增加了479亿9000万令吉或7.54%。
“去年的投资回酬(ROI)为7.48%,比2014年的7.25%增加0.23%,派息率为6.4%,相等于382亿4000万令吉,也是历来最高派息额。”
他今日在2015年雇员公积金局报告媒体汇报会上,汇报当局去年投资表现。
出席者包括雇员公积金局总执行长拿督沙里尔、副总执行长(营运)拿督莫哈末纳因达鲁维斯及副总执行长(策略)东姑阿里扎克里。
纳西尔说,去年本地投资占75%,海外投资占25%;86%内部管理,14%外部管理。
“资产种类分为现金、房地产与基建、股票及固定收入,各别占2%、3%、44%及51%。”
他说,2015年总缴纳额为599亿8000万令吉,提款额442亿5000万令吉,净资金流入157亿3000万令吉。
25%海外投资很“舒适”
尽管政府多次促请官联公司调回海外资金并投资于本地市场,以助稳定令吉及巩固国内经济,惟雇员公积金局认为,该局现有的25%海外投资对75%本地投资比例,是“舒适的比例”。
雇员公积金局总执行长拿督沙里尔指出,当局的投资之所以能保持良好回酬,是因为多元化投资策略,投资于多种市场。
他强调,该局专注于多元化长期投资,而非每年专注于某个单一市场。
“公积金局投资策略之所以见效,是因为我们接触很多不同的市场,此市场表现欠佳,另一个市场仍然表现良好。2015年是国际市场为我们带来收益,2014年则是本地市场。”
他补充,尽管2008年金融风暴期间,所有市场皆受影响,惟当局仍有能力面对短期的挑战。
沙里尔针对记者询问时这么回应。
资料显示,雇员公积金局派息率从2007年的5.8%,下降至2008年的4.5%,翌年回升至5.65%。
沙里尔说,当局的海外投资从2009年的6%增加至目前的25%至26%,对此该局感到相当“舒适”,并认为当局在本地的投资相当足够。
“就长期而言,本地投资将会专注于基建例如高速公路、发电厂等,因此对我们而言,满足本地投资需求并没有问题。”
投资策略不会大幅调整
面对市场前景欠佳,雇员公积金局投资策略仅会作出必要的调整,并不会采取大幅度的调整。
沙里尔说,今年首两个月,市场极难取得回酬,尤其是股票市场,对全球市场来说可谓“最糟糕的开始”。
根据该局2015年的报告,去年的44%投资收入来自股票,对此,记者询问当局会否改变投资策略,转向持有现金或投资房产。
沙里尔表示,该局仅会作出必要的调整。
“我们是进行长期投资,因此不会每年作出太大的调整。”
至于房产投资,沙里尔说,长期而言,当局看好物流产业发展。
他强调,当局致力于达至“通货膨胀率+2%”派息率的目标;我国通货膨胀率平均介于2.5%至3%,过去5年,公积金局派息率都维持在6%以上。
持1MDB2亿债券 获政府担保没问题
沙里尔指出,一个马来西亚发展有限公司(1MDB)首批发行的50亿令吉债券,该局仅持有2亿令吉,并且获政府担保,目前并没有任何问题。
“此数额非常有限,仅占4%,当时1MDB仍被称为登州投资机构(TIA)。”
他在问答环节针对当局是否受1MDB最近的纠纷影响时,如是回应。
他强调,截至目前并未有太大问题,若1MDB违约,政府将介入抵偿所有债券持有人,因此没有问题。
“我了解最近1MDB与国际石油投资机构(IPIC)之前的纠纷已引起关注。”
他解释,每个债券发行都有受托人(trustee),至今受托人并未召开任何会议。
“我们将等待受托人,看看他们是否认为出现交叉违约,并将此事带到债券持有人。”
年杪推介Kwasa白沙罗城镇
沙里尔指出,首阶段Kwasa白沙罗城镇发展项目预计将于今年杪推介。
他说,目前正在发展许多基础设施,捷运预计将于明年开始投入运作。这项计划也是当局增加本地投资的项目之一。
“这项发展计划占地超过2000英亩,必须与发展商合作长期投资,以获得更多回酬。”
他补充,武吉免登商业中心(BBCC)发展计划也一样,未来将会迈向这种与发展商合作开发项目的方式进行投资。
“我们希望增加房产投资,因为其优势之一是,较不受经济动荡影响。”
2012年,Kwasa置地以22亿8000万令吉向橡胶研究院(RRI)收购2330亩的双溪毛糯土地,以发展“大吉隆坡”计划下的Kwasa白沙罗城镇。
七成54岁会员存款少过5万
雇员公积金局最新资料显示,54岁的会员中,多达68%会员的存款低于5万令吉!
该局副总执行长(营运)拿督莫哈末纳因指出,若以每月花费830令吉计算,5万令吉的存款,仅足够支撑5年。
他说,数据也显示,50%的公积金局前会员,在5年内就把存款耗尽。
公积金局2015年表现
投资资产
截至2015年12月:6845亿3000万令吉(增加479亿9000万令吉或7.5%)
净缴纳额
总缴纳额:599亿8000万令吉总提款额:442亿5000万令吉(净157亿3000万令吉)
投资收益
总投资收益:442亿3000万令吉(增加51亿6000万令吉或13.2%)
投资回酬
投资回酬率:7.48%(增加0.23%)
派息
派息率:6.40%(同等于382亿4000万令吉

Offline Lotus48

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Re: EPF
« Reply #8 on: May 04, 2016, 02:45:04 PM »
1 lady in singapore is still working at the aged of 92 in Mc D
maybe after your retirement u can also go MC D work until 120 yrs old

in Singapore can
austrialia can
Malai cannot - too many young immigrant

Online king

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Re: EPF
« Reply #9 on: May 13, 2016, 08:26:56 AM »



公积金不同资产收益各异 回教:更稳定 传统:波动大
头条 全国  2016-05-13 07:40

 

选哪一个好?不妨听听总执行长拿督沙里尔怎么说,然后为自己的未来钱,选个好归宿吧!
1 of 3
(吉隆坡12日讯)雇员公积金局将于明年开始推出回教公积金制度供会员选择,该局总执行长拿督沙里尔立查透露,预计回教资产投资方面的收入将会更为稳定,而传统模式则会因为不同金融资产的财务状况,导致出现收益更大的波动。
他强调,传统公积金及回教公积金因为整体资产分配方面很相似,因此长期投资回酬也将会是相似,只是过去数年的情况显示,投资回教资产的回酬将更为稳定。
“若从一个长期,可能25年至30年的角度而言,我们相信两个公积金计划投资的表现将会是相似的。虽然不可能完全一模一样,但将会有类似的回酬特性。”
他今日在“全球回教金融论坛5.0”上发表题为“回教公积金,未来大趋势?”的演说时说,日前很多人都询问,目前采纳的传统模式和所谓的回教公积金模式将有什么不同,尤其对两个公积金计划将会有怎样的表现,感到好奇。
他解释,这背后的原因是两者的资产分配方面,从广义上而言应该是相似的,只是个别产业之间,两个公积金计划的本质不同,会有些区别。
“其中一个差别是,回教公积金在财政方面的权重会非常小,而传统混合模式方面的权重则会更大。”
收益差距介于0.15%
他预计,长期而言,传统及回教公积金的平均收益应该会相似,而预计整个差距可能介于15个基点(0.15%)之间。
“当然在短期而言,可能会有更高的波动。但我们需要教育会员,让他们了解两种投资模式的特性及资产集合的档案。”
他说,长期而言,两个资产集合,无论是符合回教教义或是传统的混合式投资,都是想要取得一个长期的调整通胀后报酬率(inflation adjusted return),而公积金局希望派息率至少是通胀率加2%。
每年宣布2派息率
沙里尔强调,回教公积金每年派息率将取决于不同集体资产的实际受益,这意味着,2017年起,雇员公积金局每年将会宣布2项派息决定,一是传统公积金计划的派息率,另一则是回教公积金的派息率。
“而派息率多寡,是和两个计划下的资产表现直接相关。”
投资方面,他指目前公积金局在回教教义相关的投资是采纳全球性的标准,而作为首个回教公积金计划,公积金局的决定也将是新的规范。
公积金局目前有1400万会员,其中600万会员是活跃会员,而过去几年有更多会员要求有回教公积金,而过去几年也成功创造足够庞大的集合资产来迎合这方面的需求。
他提出,目前许多投资都是属于责任投资,而这和符合回教教义投资的主要区别更多是在融资方面,而他认为未来都有可以成为符合回教教义的可能。
他也说,大马为环境和支援提供良好网络,而为了能够落实这项计划,公积金局也已锁定适当的资产领域,也有足够的律师、会计师来确保这项计划能够成功。
料200万会员转回教计划
沙里尔预计,回教公积金计划开始落实时,将会有150万至200万会员在推出的首年内,选择转换到回教公积金计划,而之后会有更多人。
他认为第一轮会选择转换的是因为原则和宗教,而不是在乎业绩记录,而之后加入的可能会是更为关注财务表现的会员。他预计,最终可能有30%至40%的会员将会转换到回教公积金计划。
沙里尔认为,目前市场上有足够的符合回教教义股票投资,但固定收益投资因为全球市场的平台和放行人方面和符合回教教义仍有距离而存在局限。
他也提出,从私人领域方面,不管是房地产、或是私人股票投资方面都有适当的资产,主要是在资产负债表方面需要调整,确保符合回教教义。
“但从公司结构或是整个领域而言,这都不是问题,而且也有足够的资产。”
谈到回教公积金计划的前景,他认为发行人更能接受回教教义的模式,发行回教债券或符合回教教义的债务,而且会有所增长。
转换资产甭设新部门
沙里尔提出,雇员公积金局落实回教公积金制度将不会开设一个全新的部门,而是对现有的集合资产进行转换成为回教公积金计划,而采用的是银行业很熟悉的窗口模式。
在这个模式之下,回教公积金计划只会从符合回教教义的资产方面来吸纳收入,而公积金局也将继续维持作为单一机构,作为单一投资团队。
“选择回教公积金计划的会员,他们的收入只是从回教资产那里取得,而选择传统模式的会员,则将从其余的资产中取得收入。”
他说,从会计的角度而言,公积金届时将会率先将回教投资的受益率先发放给回教公积金计划下的会员,而剩余的回教投资收入和传统投资收入,才会发放给传统公积金计划的会员。
他也承认,虽然这个做法乍看之下好像很简单,但执行下来是个很复杂的模式,因为从系统设计和发展的设计都在进行中,而公积金局目前也将标签每一项资产,以决定究竟是要纳入回教资产或是非回教资产。
另一方面,公积金局也有一个复杂的机制来研究有关资产从这两个单位方面的转移,即若一个资产因为某个原因而成为不符合回教教义,要如何来应对转换期间所带来的收入

Online king

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Re: EPF
« Reply #10 on: May 14, 2016, 08:14:37 AM »


财经  2016年05月13日
专注社会责任投资 EPF撤出英美烟草

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专注社会责任投资 EPF撤出英美烟草
公积金局计划淡出「罪恶」领域。

(吉隆坡13日讯)全球最大主权基金──挪威政府退休金全球基金(GPFG)及多个国家,早在多年前,已將投资项目只锁定于履行社会责任的行业,而大马僱员公积金局亦配合国外投资机构的脚步,將投资方针设定于符合伊斯兰教义及注重企业社会责任的投资项目。

公积金局打算卖掉英美烟草(BAT,4162,主板消费股)的股票,淡出「罪恶」领域。

根据《彭博社》报导,公积金局首席执行员拿督沙里尔透露,为了专注该局投资于符合社会及环境责任的投资项目,公积金局计划出售英美烟草股权。

《彭博社》资料显示,公积金拥有英美烟草的6.9%股权,总值將近9亿4200万令吉。

但是,沙里尔表示,该局并没有制定任何脱售股权的时间限制。

此外,沙里尔指出,「我们(公积金局)意识到,我们不能投资于涉及赌博,酒精及酒精相关业务的公司,因此,我们將会逐渐视情况脱售烟草公司股权,而今后的投资项目亦不会涉及烟草领域。」

另一方面,撤资的举动將引领其他资金管理者將投资转为符合社会责任的投资项目。

根据《安联全球可持续性投资》,全球认可的可持续性(sustainable)资產管理(AUM)已从2012年至2014年,增加61%,达到21兆400亿美元。

若与欧洲区占整体贡献的13兆600亿美元相比,亚洲区可持续性资產管理只达到530亿美元。

根据大马交易所网站,2014年12月所推出的富时社会责任指数(FTSE4Good)是符合了「公认履行企业社会责任」公司的指数,其中指数成份股包括马银行(MAYBANK,1155,主板金融股)和国油化学(PCHEM,5183,主板工业股)。但是,根据《彭博社》资料,马银行过去12个月股价已下跌將近8.90%。

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Re: EPF
« Reply #11 on: May 15, 2016, 07:52:18 PM »



Only one in five EPF contributors can afford to retire
Bernama
15 May 2016, PM 4:33
Updated 15 May 2016, PM 4:36
 
Only 22 percent of the 6.7 million Employees Provident Fund (EPF) active contributors aged 54 years have sufficient savings of RM196,800 or more to sustain themselves during retirement.

EPF Head of Strategy Management Department Balqais Yusoff said the other 78 percent of the contributors, unfortunately, did not have the basic amount for their retirement years.


Stating that the retirement reality today was quite sad from EPF standpoint, she said of the total EPF active contributors, 65 percent had less than RM50,000 in their savings.

"Based on our definition of basic savings where retirees will need at least RM820 a month in their retirement years, those who have RM50,000 in EPF can go only for five years before their savings run out.

"That is if they live at RM820 a month. And we know that RM820 is not enough, that amount is probably sufficient for grocery shopping only and that's the reality today," she told Bernama.

Balqais said the low salary structure in the country was a major contributor to the situation, whereby 89 percent of the working population earn less than RM5,000 which translate into a lower saving rate for the EPF.

"In terms of contribution rates in mandatory saving, Malaysia is the world's fifth highest, but the salary structure does not translate into a high saving number.

"So, we need to constantly review the wage structure and the minimum wage also need to be aligned with the rising cost of living," she said.

- Bernama

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Re: EPF
« Reply #12 on: May 15, 2016, 08:08:51 PM »



国內  2016年05月15日
仅22%公积金成员退休拥19万存款

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仅22%公积金成员退休拥19万存款

(八打灵再也15日讯)全国670万名活跃的公积金(KWSP)成员中,只有22%会员在54岁时,拥有19万6800令吉或更多的存款,以足够应付退休后的的生活。

公积金局策略管理部主任巴卡依斯表示,有78%的成员在退休时,仍未拥有足够的存款。

他提到,在670万名活跃成员中,有65%的人公积金储蓄少於5万令吉。

「根据我们的定义,这意味著这批拥有5万令吉存款的退休人士,就算每个月使用820令吉,也只能维持个5年而已,即把所有的积蓄花光。」


他指出,即便这些退休人士能以每个月820令吉生活,但在现今的社会,820令吉是远远不足以应付生活,也许只能够应付日常杂货的开销而已。

巴卡依斯是接受《马新社》访问时说,目前公积金局共有1450万名会员,而当中只有670万名会员是活跃份子。

他认为,大马低薪资的架构是造成退休金储蓄低的主要原因,因为大马有89%的劳动人口的收入低於5000令吉,这大大降低了公积金的储蓄率。

「在贡献率方面,大马是世界第5大强制储蓄最高的国家。但由於大马工资架构的原因,不能被实际转换为储蓄的数量上。」

虽然薪资架构是国人储蓄率低的主要原因,但巴卡依斯解释,政府已经採取了多项措施,包括制定最低薪金制,一旦最低工资与贡献率达成一致,储蓄率低的情况也將会有所改善。

「因此,我们必须不断的检討薪资架构,同时在生活费用上涨,最低薪金也必须上调。

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Re: EPF
« Reply #13 on: May 16, 2016, 09:57:41 AM »
Why got less EPF money?
Because as Boy knows, most of them withdraw it out to settle home loan or down payment for home....

Agree or not?

 :(



Only one in five EPF contributors can afford to retire
Bernama
15 May 2016, PM 4:33
Updated 15 May 2016, PM 4:36
 
Only 22 percent of the 6.7 million Employees Provident Fund (EPF) active contributors aged 54 years have sufficient savings of RM196,800 or more to sustain themselves during retirement.

EPF Head of Strategy Management Department Balqais Yusoff said the other 78 percent of the contributors, unfortunately, did not have the basic amount for their retirement years.


Stating that the retirement reality today was quite sad from EPF standpoint, she said of the total EPF active contributors, 65 percent had less than RM50,000 in their savings.

"Based on our definition of basic savings where retirees will need at least RM820 a month in their retirement years, those who have RM50,000 in EPF can go only for five years before their savings run out.

"That is if they live at RM820 a month. And we know that RM820 is not enough, that amount is probably sufficient for grocery shopping only and that's the reality today," she told Bernama.

Balqais said the low salary structure in the country was a major contributor to the situation, whereby 89 percent of the working population earn less than RM5,000 which translate into a lower saving rate for the EPF.

"In terms of contribution rates in mandatory saving, Malaysia is the world's fifth highest, but the salary structure does not translate into a high saving number.

"So, we need to constantly review the wage structure and the minimum wage also need to be aligned with the rising cost of living," she said.

- Bernama
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Re: EPF
« Reply #14 on: May 21, 2016, 05:54:35 PM »



财经
薪資低養老都不夠 勿輕易動用公積金
 3860点阅   2016年5月19日
我國僅有約147萬名54歲的活躍會員,有足夠養老金。
我國僅有約147萬名54歲的活躍會員,有足夠養老金。
獨家報導:林玉敏

(吉隆坡19日訊)高達78%公積金局活躍會員,因為薪資低,預計到了54歲時,公積金存款並不夠養老,在此大前提下,民眾受促更不應該輕易提取公積金供其他用途!



儘管僱員公積金局(EPF)允許會員在多個情況下提出公積金戶頭內的存款,不過該局資料顯示,54歲的活躍公積金會員當中,多達78%不夠錢養老。

公積金策略管理部主管芭琪詩早前透露,國內89%就業人士,月入少過5000令吉,導致許多受薪族的公積金存款少。

65%存款少於5萬

在670萬名活躍會員當中,僅22%或147萬4000名會員,到了54歲有足夠資金過退休生活;剩下的78%活躍會員,預計無法達到養老金19萬6800令吉的最低水平。活躍會員當中,有65%在他們54歲時存款少于5萬令吉。

接受《中國報》訪問的資深經濟學家李興裕及豐隆投資研究分析主管兼經濟分析師徐克宇皆認為,公積金保本又穩定,如果沒有做足投資功課,最好別動用公積金存款,自行參與投資。

儘管財商偏高,但受訪的2位經濟分析師表示,至今只動用過公積金存款2次。

李興裕指出,他人生中只動用過公積金存款2次,即將部分的第一戶頭存款用來參與其他投資,也動用過第二戶頭存款來買房屋。

“公積金是零風險的投資存款,持續提供超過5%的股息,派息率可觀,比通常介于3%至4%的定存利息高,所以沒必要動用公積金存款。”

“ 如果你只求穩定派息,利息只需高于定期存款,那不妨保留公積金存款,尤其保留在公積金戶頭的存款,可持續享有派息直至75歲。”

行情好壞都穩定派息

以公積金局可觀的投資方案和策略,徐克宇認為,老百姓最好還是將存款交由公積金局的專才,為我們參與投資。

徐克宇說:“公積金局的投資方案和透明度,為會員帶來很大信心,其表現也備受經濟學家們認同。”

由于是以退休目標為出發點,公積金局的投資策略著重保本,所以回酬也相對穩定。

“富馬隆綜指從1900點,大跌至目前的1600點上方。從市場上數據看來,在市場波動之際,一些外部基金經理所管理的基金表現差,取得負回酬。反觀,行情無論好壞,公積金局都穩定派息。”

派息率多為「通脹率+2%」

全球經濟不明朗,多個國家也採取負利息政策的環境下,素質好的債券回酬表現也偏低了,徐克宇說,相信公積金局今年的派息率,將比去年的6.4%來得低,同時也不會低至該局設下的最低目標,即‘通脹率+2%’目標。”

公積金局2014和2015年派息率,分別為6.4%和6.75%。該局自2001年以來,都維持介于4.25%至6.75%之間股息派發。

同樣的,該局自2001年以來,也維持至少5%投資回酬(ROI),但2009年除外,投資回酬僅4.88%。

徐克宇指出,該局投資組合多元化,參與債券和房地產等投資工具,也同時涉及海內外投資,分散風險。

配合策略資產配置(Strategic Asset Allocation),公積金局將固定收入資產設在至少51%。

投資資產15年激增3倍

截至2015年,當局固定收入資產同樣佔總投資的51%,股票(44%)、房地產與基礎設施(3%)、貨幣市場工具(Money Market Instruments)(2%)。

此外,該局也提高海外投資比重,從2010年的10%,在2015年提高至約25%。

公積金的投資資產在過去15年激增近3倍,從2001年的1845.7億令吉成長2.7倍,截至2015年底為6845.3億令吉。

視個人理財規劃

動用公積金存款與否,李興裕強調,得視個人的經濟能力和收入,即個人的理財規劃。

對于有意動用公積金存款,另外自行投資,他建議,要事先做足投資功課,或尋求理財規劃師的建議。先了解是否得以持續有關高回酬表現,勿人云亦云盲目追隨高回酬的投資,導致血本無歸。

芭琪詩說,低薪資結構是我國公積金會員不夠存款退休的原因之一。

“我們的定義是,退休者每月需要820令吉基本存款。根據這計算,擁有5萬令吉公積金存款的會員,只能支撐5年的開銷。而且這是保守估計每月820令吉開支,我們也知道820令吉或許只夠花在雜貨,很難支撐1個月開銷。”

善用PRS補缺口 年輕人獲500獎掖

根據公積金局的調查,半數會員在退休3至5年內,就耗盡公積金存款;為了保障日后有足夠的資金應對退休生活,除了公積金,我們也可以通過私人退休計劃(PRS)累積資產。

為了鼓勵年輕一族有足夠養老金,政府通過2014年落實的私人退休基金青年獎掖計劃,撥出2億1000萬令吉,讓年介20至30歲的青年,凡投資額達1000令吉,就可享有一次性的500令吉獎掖。

針對有關獎掖計劃,私人退休計劃總執行長拿督司帝王日前透露,至今已發放給3萬3306人,獎掖額達1665萬3000令吉。換句話說,有關獎掖的撥款額只動用了近8%。如果你符合條件,就別錯過機會善用政府提供的這筆獎掖了。

該計劃為期5年,從2014年1月1日開始生效至2018年。

在獎掖的帶動下,私人退休計劃年介20歲至30歲的會員比重,從2013年的9%,提高至去年的29%。

整體而言,截至去年底,私人退休基金計劃會員僅有18萬650人,僅佔大馬勞動力人口約1200萬至1300萬人的1.4至1.5%之間,顯示國人對私人退休計劃的認知度仍不高。

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Re: EPF
« Reply #15 on: May 25, 2016, 05:50:18 AM »



 132 4 0 136
EPF braces for tough year ahead
FMT Reporters | May 24, 2016
Retirement fund's investment income sees a year-on-year decline of 36.21% for Q1 2016.
Shahril-Ridza-Ridzuan3

PETALING JAYA: The Employees Provident Fund (EPF) is bracing for a difficult year ahead in global and domestic markets, says EPF Chief Executive Officer Shahril Ridza Ridzuan.
The retirement savings fund today reported an investment income of RM6.78 billion for its fiscal first quarter (Q1 2016), which ended March 31.
This is a year-on-year decline of 36.21% compared to RM10.63 billion in Q1 2015.
“The uncertainties in the world economy, following prolonged slower growth in major economies and the high volatility in equity markets and commodity prices, are expected to remain throughout the year,” said Shahril in a statement today.
“It is critical for us to continue to be disciplined in our multi-asset class and diversified approach to meet our strategic objectives.”

According to Shahril, the first quarter of this year recorded declines in almost all global equity markets, including the FTSE Bursa Malaysia KLCI.
This has led to lower income contribution from EPF’s total equity portfolio.
“Accordingly, the contribution of global assets to total income decreased to about 22% compared to 47% last year due to lower capital and foreign exchange gains,” said Shahril.
The quarter saw equities, (41.43% of the EPF’s total investment assets) contribute RM2.55 billion, representing 37.56 per cent of the total income.
The income generated was 59.98% lower compared to RM6.36 billion recorded in the same corresponding period in 2015.
“The current economic condition presents some opportunities for the EPF to rebalance portfolios and simultaneously increase exposure to inflation asset classes, including real estate and infrastructure,” said Shahril.
“Our real estate exposure is relatively small at this point of time at less than 4%, but it is the fastest growing part of our business. The goal is for inflation-linked assets to reach about 10% of the total fund size in five to seven years.”
The EPF, Shahril said, has always been focusing on sustainable long-term returns by targeting a 2% real dividend over a three-year rolling period

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Re: EPF
« Reply #16 on: May 25, 2016, 07:16:56 AM »



国內  2016年05月24日
少了38亿 公积金局首季收益大跌36%

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少了38亿 公积金局首季收益大跌36%
公积金局今年首季的投资收入狂跌36.21%,而该局也作好准备面对艰难的一年。

(吉隆坡24日讯)受全球经济不景气影响,导致僱员公积金局今年首季的投资收入大跌,即年首季(1月至3月)的投资收入相比去年首季,下滑了36.21%,达67亿8166万令吉。

公积金局今年首季的投资收入达67亿8166万令吉,比起去年首季的106亿3000万令吉,减少了38亿4834万令吉。

僱员公积金局的2015年第一季度投资收入约106亿3000万令吉,在2015年第四季度已下滑至约95亿8000万令吉,而在2016年第一季度重跌至67亿8166万令吉,即狂跌了36.21%。

僱员公积金局首席执行员拿督沙里尔里扎解释,今年首季度的投资表现明显与去年出现巨大差异,因为几乎全球的投资市场,包括吉隆坡综合指数在內,都出现了下跌的现象,导致公积金局整体的收入下滑。


今年困难重重

「去年第一季度,我们在全球市场的投资得到很多收益,尤其一些成熟的股市可以弥补本地疲弱的股市。」

根据公积金局所提供的数据,佔有公积金局41.43%投资產业的股票,共为其投资收益贡献了25亿4752万令吉,即收益总额的37.56%。而在去年同一季度,该產业为公积金局带来约63亿3000万收入,占收入总额的59.98%。

「相比起2015年第一季度平稳的股息收入,2016年第一季度的全球和本地的股价都出现下滑的现象,让公积金局的投资机会减少。」

他表示,2016年將会是困难重重的一年,因为全球经济状况都充满不確定性,进而使到经济成长放缓,股市和商品价格也將出现高波动性,而这种现象预计会贯穿全年。

「我们已经准备好迎接这困难的一年,重要的是我们將会继续以多元的方式进行,以符合我们的策略性目標。

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Re: EPF
« Reply #17 on: May 28, 2016, 07:22:36 PM »



Saturday, 28 May 2016
Unshackle the EPF
BY M. SHANMUGAM







   
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IN the last two years, the Employees Provident Fund (EPF) has been able to declare dividends of more than 6% even when banks were offering negative interest rates for deposits due to the performance of its porfolio of foreign equities.

In the first quarter of this year when the global markets were down, the returns from the foreign equities portfolio were lower and this has impacted the overall gross income that the retirement fund earned. The trend is similar for most other funds in the world.

If the equities market does well, so will retirement funds.

It is easy to see why the equities market is important for retirement funds such as the EPF to garner returns of 6% or more.

The EPF’s asset allocation can be broken into four broad areas, which are fixed-income instruments such as Government and corporate bonds, equities which are stocks, money market instruments and assets that hedge against inflation.

A total of 51% of the funds managed by the EPF are placed with fixed-income instruments that offer yields of less than 4%. That has been the case since 2009.

The amount of money placed with equities markets locally and overseas is 43.8%.

Of the remaining amount, about 1.9% is placed in the money market instruments, while 3.2% is invested in property and infrastructure assets such as highways and buildings that give long-term returns.

In a nutshell, essentially 94.8% of the funds are placed with the fixed income and equities markets.

However, with fixed-income instruments such as Government bonds giving a return of 4% or less, obviously the returns from the equities market have to be much higher for the retirement fund to generate a return of more than 6% per annum over the last five years.

A look at the 2015 annual report lends credence to the fact that the income from the investment in equities is key to contributors getting a dividend of 6%. Last year, of the gross investment income of RM44.23bil, almost 59% came from investments in equities.

What’s interesting is that the returns from the foreign equity investment are more than 50% of the total earned from this segment of investments done by the EPF.

That has been the case for the past two years at least because the domestic market was not performing.

Hence, contributors have been enjoying dividends of up to 6.75% because of the EPF’s investments in foreign equities that started some nine years ago.

In fact, after the 1998 crisis, there was reluctance to allow funds such as the EPF to place their money outside Malaysia. The reasoning was that the currency risk was too high.

However, after some risk management studies were done by the retirement fund, it was decided that the EPF should place some money outside the country for two reasons.

Firstly, it was a matter of prudence in case the domestic economy goes into a slowdown, as it has been the case in the last 18 months.

The second reason is the fund was becoming too big to stay invested in Malaysia only. There was a “concentration risk” and it was a big problem. The opportunities offered in the domestic market were not big enough for the EPF.

For instance, the Bursa Malaysia market capitalisation is about RM1.2 trillion now. After stripping out the companies that are not “viable” for long-term investments and family-owned entities where the shareholding is controlled, there are not many companies left for the EPF to place its money in.

The EPF’s total amount allocated for investments in equities is 43.8% of its fund size or almost RM300bil. If the EPF were to pour the entire amount into Bursa Malaysia, it could control all the major stocks.

There would not be any room for other funds to enter Bursa Malaysia. The EPF would also not be able to exit its investments and it cannot earn any trading profits. Clearly, there is limited depth in Bursa Malaysia for a fund as large as the EPF.

Even when it comes to property, there are not many choices for the retirement fund if it were to place all its money in the country. Assuming 2% of the RM685bil is allocated to buy property, that is almost RM14bil.

If forced to place its money only in the domestic property market, the EPF will end up buying assets that are far from desirable for its contributors.

So, the EPF has to continue placing money outside the country if contributors are to stand any chance of earning 6% dividends.

The fund has been cautious in placing money overseas and there is no reason to doubt its ability to assess risk in the future.

The EPF’s investments overseas started with an allocation of 10%. Initially, the money was placed very slowly through external fund managers.

After the 2008 financial crisis when the United States was hit by a financial crisis, the EPF aggressively took up positions in the overseas markets. Today, 25% of its total assets are placed outside Malaysia in the form of various kinds of assets.

It has not grown in the last year or so because the Government has placed restrictions on funds not putting their money outside the country. In fact, they wanted the funds to sell their assets overseas and bring back the money to help strengthen the ringgit.

But the reality is that it is not wise for retirement funds such as the EPF or Kumpulan Wang Amanah Pencen to be restricted in their choices of investments.

The ringgit will improve when the fundamentals of the country get better. It will not change even if the funds are to liquidate their positions and bring back the money.

Going forward, the trend is for retirement funds to place more money outside the country as the size grows. The domestic market is just too small for them.

For instance, Norway’s pension fund derives its income from the country’s surplus oil revenue. It has placed 70% of its money outside the country because the economy is too small. The fund is the largest in the world with assets under management at US$875bil.

A point to note is that Norway’s fund is not a real pension fund but the country’s reserves from the surplus of oil revenue. It can take on more risk.

As for the EPF, it is a retirement fund and gets its money from depositors. It may not be able to take as much risk as the Norway fund.

However, considering the EPF’s track record, it should be given more leeway to put money outside the country if and when the investment panel feels that it is appropriate.

The EPF’s returns are based on realised profits. So, it is real.

The retirement fund has a proven track record and should not be lumped together with other funds that have placed money outside the country and have not brought about any returns.

As proven in the last two years, without the income from the foreign equities market, ordinary Malaysians would not be able to enjoy the returns of more than 6%

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Re: EPF
« Reply #18 on: May 29, 2016, 08:16:42 PM »



首戰失利‧EPF派息不妙?
2016-05-29 19:00     

僱員公積金局(EPF)是全馬最大的退休基金,會員人數高達1千455萬人,幾乎近半的大馬人口都靠著它來達到“儲蓄防老”(Saving for old age)的目標。

公積金局首席執行員拿督沙里爾利扎今年來不斷向外界披露公積金局今年挑戰重重、派息率不樂觀等諸多訊號,從首季投資收入表現來看,確實所言非虛。那麼,未來甚麼資產將為公積金局帶來更多的回酬?公積金局投資策略調整會否抑制回酬表現,甚至是影響全年的派息目標?(圖:星洲網)
不過,公積金局今年首季投資收入大跌超過30%,讓普羅大眾都對未來的養老金感到憂慮,《投資致富》本期就來剖析公積金局今年挑戰究竟有多嚴峻,派息率到底會受到多大的影響。
EPF
別讓會員失望
公積金局宣佈,截至今年3月31日首季投資收入按年減少36.21%,從去年同期的106億3千萬令吉降至67億8千萬令吉,立即引起市場廣泛關注,擔心今年公積金局的派息率可能二連降。
英特太平洋證券研究主管馮廷秀坦言,受到海內外嚴峻的投資環境影響,今年公積金將舉步維艱。
其實,在國際油價低迷不振、發達經濟體貨幣政策分歧的不明朗大環境下,全球資金市場動盪已拖累諸多退休基金表現,其中愛爾蘭退休基金今年首2個月即錄得負0.7%的回酬,過去12個月表現也見紅。
澳洲退休金研究諮詢公司數據顯示,單是今年首6個交易日,澳洲退休金賬戶平均損失2.5%,同時諮詢公司Wilshire數據顯示,美國公共退休基金今年首季回酬僅有1.24%,若接下來3季表現持平,實際回酬將低於多數公共退休基金設定的7.25%至8%的平均年回酬。
Investment Life & Pensions Moneyfacts調查更發現,今年1月退休基金平均回酬下跌2.5%,創下2009年來最差表現。
報告顯示,5千921項退休基金中僅有17%在今年1月錄得正面表現,更有部份基金回酬下跌逾20%,顯然今年大環境將對退休基金帶來重大考驗。
對上一次退休基金開年不利是在2009年1月,當時退休基金平均回酬下跌3.5%。
不過,值得慶幸的是,儘管今年退休基金開年表現低迷,但這不意味著接下來的表現也將持續消沉。數據顯示,退休基金平均回酬率在2009年1月錄得萎縮3.5%的差勁開局後,結果卻倒吃甘蔗,全年退休基金回酬率取得令人稱羨的22.3%。
相比之下,退休基金回酬在2015年開年大躍進,但在不明朗的經濟環境影響下,全年回酬率僅有2.6%。
Moneyfacts退休與投資主管李察表示:“今年以來,退休基金的表現毫無疑問令人失望,主要是全球經濟表現不濟打擊回酬,但我們的研究結果顯示,開年表現低迷並不意味著全年表現也將隨之走低。”

疑問1
海外資產光環失色
國內資產撐起一片天?
公積金首季投資收入銳減,海外股市表現不濟是最大元兇。沙里爾利扎表示,去年首季全球投資,特別是發達股市帶來更好的回酬,抵銷國內股市疲弱的衝擊,但今年第一季,包括馬股在內,幾乎所有全球股市都下滑,導致公積金局的股市組合收入貢獻減少。
“由於資本和外匯賺益減少,全球資產貢獻的總收入比重降至22%,低於去年的47%。”
在第一季,佔公積金局總投資資產41.43%的股票組合貢獻25億5千萬令吉投資收入,佔總收入的37.56%,低於去年同期的63億6千萬令吉和59.98%比重。
海外股市無力回天,債券市場也同樣不樂觀。馮廷秀認為,公積金局為達到保本的效果,多數資金需投放在債券等固定收入資產,但隨著歐洲和日本先後邁入負利率時代,海外債券已經無法為公積金帶來長期收入。
“因此,公積金局只能仰賴巴特西發電廠發展計劃等海外產業資產。”
目前,公積金局在海外產業市場投資,主要是購入建築大廈為主,以便收取長期的租金收入。其餘也包括物流及零售產業資產。
不過,沙里爾早前透露,受到馬幣升值和外國股市走跌影響,國內資產表現可能後起直追,並填補海外市場表現欠佳的缺口。
但馮廷秀對此不敢茍同,認為馬股首季雖表現相對良好,但邁入次季,馬股走勢已不可同日而語。富時綜指首季走揚1.5%,但從4月起卻累積下跌4.29%,讓今年至今馬股走跌3.26%。
更重要的是,從技術層面來看,富時綜指走勢已經轉弱,而外資加速撤離也已經扭轉馬股上升趨勢。
更重要的是,油價持續復甦,以及美國聯儲局升息步伐也將對市場走勢起到關鍵作用。分析員預見短期油價漲勢將受抑,主要是高石油庫存與供需失衡問題嚴重,同時市場普遍預期聯儲局將重啟升息腳步,都可能加劇股市波動性。
馮廷秀說,雖然本地產業市場相對穩定,公積金局仍可在吉隆坡等地區產業取得穩定的投資回酬,但要取得超過30%以上的回酬根本不可能,因此本地資產恐怕難填補公積金局海外資產的損失。
疑問2
資產配置
會否趨向保守?
受到美國加息步伐及經濟復甦進程、英國會否脫歐,以及歐洲及日本經濟陷困影響,今年市場的投資意慾不濟,不單股市,外匯也將非常波動,使得全球諸多基金開始調整投資策略。
其中,許多退休金與信託基金開始將資產配置中的現金比率調整至多年來最高,成為金融市場壓力持續攀升的最新跡象,這種超防禦的資產配置立場,也反映出投資者對全球經濟成長的疑懼,以及對資產未來獲利展望的不確定性。
公積金局也決定加入資產調整的行列,沙里爾早前透露,公積金局有意增加抗通膨資產,特別是房產與基建這類資產可提供穩定和持續的收入。
目前,公積金局的房產投資比重少於4%,放眼在5至7年內將通膨相關資產佔基金規模的比重提高到10%左右。
除佈局房產外,我們從公積金局的最新上市公司持股分布圖來看,不難發現其投資焦點也開始從週期性的石油與天然氣、銀行、種植等領域,逐步向提供長期穩定回酬的產業等領域靠攏。
在動盪不安的大環境下,AXIS產業信托(AXREIT,5106,主板產業投資信托組)、雙威產業信托(SUNREIT,5176,主板產業投資信托組)和凱德商托(CMMT,5180,主板產業投資信托組)等提供長期穩定回酬的產托會成為公積金局增持的資產一點也不叫人意外。
馬股現上市的14家產托平均回酬高達6.186%,表現遠遠超越基準富時綜合指數。
相比之下,石油與天然氣股最為泄氣,國際油價大跌,令油氣業前景黯淡,蜆殼石油(SHELL,4324,主板工業產品組)、戴樂集團(DIALOG,7277,主板貿服組)和國油氣體(PETGAS,6033,主板工業產品組)慘遭公積金減持,紛紛跌出榜外。
儘管原棕油價格回揚,但種植股表現也不容樂觀,公積金局首季持續拋售,怡保種植(IJMPLNT,2216,主板種植組)、吉隆坡甲洞(KLK,2445,主板種植組)和雲頂種植(GENP,2291,主板種植組)減幅均超過1%。
不過,問題是公積金基於保本需要,需將半數的資金配置於相對穩定的固定收入資產,若連股市佈局也轉向保守,如何為會員們取得更大的回酬?

疑問3
今年派息前景
有多不妙?
公積金局派息以“通膨+2%”為標的,市場普遍預期今年通膨率將介於2.5至3%,因此公積金最低派息率至少需達4.5至5%才算及格,但要在如此嚴峻的投資環境中取得相關數字談何容易。
債券、產業與證券3大資產類別同時啞火,馮廷秀坦言今年公積金局派息率料低於去年,派息率可能創下3年來最低水平。
不過,情況到底會多糟?若以淨投資收入除以淨投資資產計算,今年首季公積金局的投資收入回酬率僅為0.97%。假設今年其餘3個季度表現持平,全年總回酬更只剩3.89%,今年派息率勢必低於去年的6.4%。
但是,上述計算模式只著重於淨投資收入,並未將公積金局其他的非投資收入計算在內,若將相關收入一併計算,公積金局派息率絕對會更高。
更重要的是,投資收入回酬率並不是公積金局派息的絕對指標,因為過去5年的投資收入回酬率均低於派息率。
相比之下,富時綜指起落與公積金局派息率有更緊密的關係,在過去15年中只有2年(2005和2014年)有所例外,即馬股走跌,但公積金局派息率卻不起反增。


結語:
半年即將過去,起伏不定的海內外資產市場仍未見風平浪靜的跡象,加上聯儲局潛在升息可能進一步攪動投資者翻滾的情緒,未來前景仍不容樂觀。
不過,公積金局成立超過半個世紀,再大的風浪都見識過,也每年都給出比定期存款更高的派息,因此縱然前景有多麼不樂觀,但我們還是應該相信公積金局絕對有能力繼續為會員創造更好的回酬。(星洲日報/投資致富‧焦點策劃‧文:洪建文)


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Re: EPF
« Reply #19 on: May 31, 2016, 10:48:52 AM »




提款买基金应有理财知识 仅20%获利胜公积金派息
头条 全国  2016-05-31 07:21

 

沙里尔: 公积金局今年从股市赚到的回酬降低了。

(八打灵再也30日讯)雇员公积金局的调查显示,提领存款去投资单位信托基金的会员当中,只有五分之一的人取得比该局派息率更高的回酬。
雇员公积金局总执行长拿督沙里尔提醒该局会员,要提领公积金存款去投资,应先具备足够的金融理财知识。
他说,根据公积金局的研究,市面上投资在单位信托基金的人士当中,约40%的回酬都不理想。
他是日前在星报媒体集团举办的“Power Talk:商业系列”上主讲时,回应一名出席者询问将储蓄留在公积金局,或投资单位信托基金较好时这么回应。
74%会员存款不够
此外,他说,74%的会员在55岁时未有充足的储蓄,只有26%会员存款额突破19万6000令吉,这也是一个人在退休后合理月薪的总和。
“会员存款低,涵盖数项因素,包括原本收入就微薄。”
明年起可享派息至100岁
沙里尔说,从明年1月起退休人士可继续将储蓄留在公积金局,并每年获得派息直至100岁,或选择随时在这期间提领存款。
“这项新倡议是我们(公积金局)其中一项改变,以造惠愿意继续储蓄的会员。”
他出席讲座时这么说。
询及明年派息率会否更低,他说,所有全球股市,包括本地市场,目前均面临经济低迷。
“净资产收益率不会与去年一样。因此,我们从股市的回酬贡献来看,如果去年占总收入的60%,如今已降至40%。”
他说,如果经济持续低迷,该局今年总收入将比去年低,派息率也随之下滑。
此外,他说,该局正迈向“网络模式”,早前已推出为购屋者提供的网上提款,会员无需莅临邻近的公积金局,便能在网上简便处理有关事项。
“我们也与大学及医院衔接,以便允许会员进行教育及医药用途的提款。”
他说,这些医院将处理会员的申请,若会员决定从公积金扣除医药费,医院将进行核实及索取该会员的指纹,并进行电子交易。
回教与传统退休金 回酬差距仅0.05%
沙里尔立查说,即将推出的回教退休金制度及传统模式两者每年的实际回酬可能会有所不同,但两者的长期整体表现差距不会大,预计只相差0.05%。
“我们将有两个派息率,即传统模式及回教模式,他们的收益预料每年或有异,需胥视投资表现。
“但我们预计,两者的长期表现将是相似的,整体回报率预计将只差0.05%。”
公积金局将于2017年推介符合回教教义退休金选项,初始基金为1000亿令吉。
沙里尔表示,目前,公积金局接近100%的资金已符合环境、社会及监管(ESG)原则,其中45%符合回教教义。
他说,传统及回教模式的退休金最主要差异在于,后者将从投资组合中排除传统金融。
“至于短期内两者的表现,将胥视传统金融领域驱动的表现。”
他说,这应是高增长的时候,传统的基金将提供更好的回酬。然而在事情变得难以像时,回教式的基金能产生更稳定的回酬。
每年最少派息2%
尽管如此,沙里尔强调,传统模式及回教模式同样有客观的风险收益,即每年基本2%以上的通胀派息的目标。
“回教退休金制度是公开给所有要求他们的收益,完全符合基本回教教义的公积金缴纳者申请。”
他说,基于回教教义退休金的基金规模有局限,选择参与者是以先到先得的方式处理。
“回教教义退休金的投资计划每年预计可以250亿令吉,增长至350亿令吉。”
他说,推介回教式投资计划是符合公积金局未来的发展方向。
公积金局目前管理的资产高达6800亿令吉,2015年的派息率是6.4%,2014年则是6.75%。
该局已提醒今年是困难的一年,而今年首季的收益已比去年同期减少36.2%,投资收入从去年的106亿3000万令吉下滑至今年的67亿8000万令吉

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Re: EPF
« Reply #20 on: June 04, 2016, 05:16:18 PM »



Saturday, 4 June 2016
EPF’s new deal
BY CECILIA KOK







 
 
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Go conventional or syariah-compliant, but no switching back

IT is an option with no turning back.

Once a member migrates his or her savings with the Employees Provident Fund (EPF) to the new syariah-compliant investment scheme that will be offered by the country’s biggest retirement fund manager from next year onwards, he or she will not be allowed to switch back to the existing conventional scheme.

So, as EPF chief executive officer Datuk Shahril Ridza Ridzuan (pic) puts it, one has to be very clear on one’s choice of investment scheme.



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And there’s no two-way about it: one either chooses to stick to the current conventional scheme, or have one’s entire EPF savings transferred to a programme based on Islamic principles.

“There will be no option to switch back and forth, and the reason for that is two-fold. First, it is in accordance with syariah principles that once the money becomes syariah-compliant, it cannot become conventional again; and the second pertains to administrative and system issues,” Shahril explains.

“So, we want to make sure that our members are very clear in their minds about what they want – whether they want their money to be managed under the existing conventional scheme or the new syariah-compliant option,” he tells StarBizWeek.

The EPF currently manages about RM680bil of investment assets for 14.5 million members, of whom 6.7 million are active members.

It will offer the fully syariah-compliant investment scheme, called Simpanan Syariah, with an initial fund size of RM100bil, in January 2017.

According to earlier reports, the EPF expects between 1.5 million and two million of its members to convert their savings to Simpanan Syariah during the first year of its launch. Allocation will be offered only on a “first-come, first-served” basis due to the limited fund size of the scheme at inception stages.

The EPF is expected to release more information about Simpanan Syariah towards the end of this month.

Strict on non-compliance

Meanwhile, it is goes without saying that under Simpanan Syariah, the compliance requirement will extend to withdrawal for investments in external unit trusts as allowed under the EPF Member’s Investment Scheme, whereby one can withdraw a certain amount of money from one’s Account 1 and invest into EPF-approved unit trusts as long as the Basic Savings in Account 1 is met.

This means members who want to withdraw their EPF savings from Simpanan Syariah for investments in external unit trusts will also be restricted to putting their money only in EPF-approved syariah-compliant schemes that are offered by the private sector.

“Syariah is strict on non-compliance; so, once you opt for the EPF’s syariah-compliant scheme, your money and investments under the scheme will have to go all the way in complying with the faith-based principles unless and until you are totally out of the scheme,” an Islamic finance legal expert, who requested to remain anonymous, explains to StarBizWeek.

“So, even when you withdraw your EPF savings (from Simpanan Syariah) for investments in external unit trusts, your money technically is still under the syariah-compliant scheme and you have to continue to play by the rules,” he says.

Two dividend rates

In line with the implementation of the syariah-compliant investment scheme, going forward, will see the EPF announcing two separate dividend rates – one for the conventional scheme and the other for Simpanan Syariah.

EPF members can expect to see returns from the two schemes differ from one another on a yearly basis, depending on the performance of their investment assets.

In general, the EPF’s syariah-compliant investment scheme will likely give more stable returns, as compared with the more volatile returns from the conventional option.

But the consensus view is that the overall performance of both schemes over the long term will be relatively similar because of the economic and market cycles.



According to Shahril, the variance of the overall returns between the conventional scheme and Simpanan Syariah is expected to be plus/minus 0.5%, or 50 basis points, over a 20 to 30-year investment horizon.

In the short-to-medium-term horizon, however, the relative performance between the two schemes will depend on the prevailing economic and market cycles, with the conventional scheme expected to give better returns in times of high growth and the syariah-compliant scheme to generate more stable returns in down times.

“The simplest way to understand this is to note that the syariah-compliant scheme does not have exposure to conventional banking,” Shahril points out.

“In a bad economic year, when banks tend to underperform tremendously because of the provisioning for bad loans, among others, the syariah-compliant scheme will outperform the conventional scheme.

“Conversely, when things become good again, the banking sector, which is a close proxy to economic growth, will outperform, leading to a better performance by the conventional scheme as compared with the syariah-compliant scheme,” he explains.

No guaranteed returns

While both the conventional and syariah-compliant EPF schemes have the same risk-return objective, that is, a dividend rate of 2% above inflation over a rolling three-year period, what’s missing for the syariah-compliant is the guaranteed-return element.

“Under syariah principles, there are no guarantees. So, the syariah-compliant scheme will no longer have that minimum 2.5% guaranteed dividend that the conventional scheme continues to have,” Shahril says.

The EPF declared a dividend rate of 6.4% for 2015 and 6.75% for 2014.



It is noteworthy that most EPF contributors who choose to migrate their savings to Simpanan Syariah are most likely not driven by the expected returns from the scheme.

As some market observers put it, returns are not the prime objective, but compliance to Islamic principles is.

“Those who switch are most likely driven by religious conviction,” MNRB Holdings Bhd group chief investment officer Ahkter Abdul Manan says.

“If they believe that their returns must be in accordance to their beliefs then they would opt for the syariah-compliant scheme,” he adds.

Even the EPF expects the first batch who switch over to Simpanan Syariah are most likely doing so for reasons of faith and principles, as opposed to the rest, who would most likely prefer to wait and see the scheme’s investment performance over time before making the move.

The EPF expects the syariah-compliant investment scheme, which is offered to cater to the growing demand of certain segment of the Malaysian society, to grow by about RM25bil to RM35bil a year.

The offering, it notes, is in line with the future direction of the EPF, which is to move away from the one-size-fits-all approach towards more tailored products for our society.

“The future for any retirement fund manager is to provide more options for its members,” Shahril says, adding that the EPF will eventually offer schemes with aggressive and defensive investment portfolio to match the different risk-return appetite of its investors.

Investment assets

Both the conventional and syariah-compliant EPF schemes follow the balanced-fund approach, that is, investing in a healthy mix of high-risk equities and low-risk bonds and other asset classes, to generate stable returns and modest capital appreciation for contributors.

As at end-March 2016, equities made up 41.4% of the EPF’s investment portfolio, while fixed-income instruments accounted for 51.7% of the fund’s assets, and real estate and infrastructure represented 3.5% of its total asset size.

At present, close to 100% of EPF’s investments are already compliant to the environmental, social and governance (ESG) standards, which measure the sustainability and ethical impact of an investment in a company or business.

According to Shahril, being ESG-compliant essentially already excludes the gaming, brewery, tobacco and arms-manufacturing sectors from the EPF’s investment.

He notes that all syariah-compliant assets are also ESG-compliant, but not all ESG-compliant assets are syariah-compliant.

At present, 45% of EPF’s existing investments are already syariah-compliant, and these assets alone are worth about RM300bil, Shahril reveals.

“The conventional scheme will still have syariah assets in its portfolio... we’re not excluding conventional EPF savers from syariah assets,” Shahril says.

“In that aspect, we are not creating two funds with the introduction of the syariah-compliant scheme. We are doing this for accounting purposes: the syariah-compliant scheme will derive returns from only the syariah-compliant assets, while returns of the conventional scheme will come from conventional assets plus the a portion of the syariah-compliant assets,” he explains.

Relaxed approach

Critics note one major challenge faced by syariah-compliant money is limited investment avenues, especially in overseas market, where there is also growing competing demand from global funds for such assets.

On that note, Shahril has earlier said the EPF would adopt a “relaxed approach” to syariah complaincy for its overseas investments. He was quoted as saying: “As long as it is inherently syariah-compliant and ethical, with possible good returns, we will look into it.”



In Malaysia, syariah-compliant assets are aplenty, thanks to the adherence of syariah guidelines by most corporations in the country.

“A lot of big cap stocks in Malaysia are syariah-compliant,” Akhter says, pointing to dividend-yielding counters such as Sime Darby Bhd, Amway (M) Holdings Bhd, Nestle (M) Bhd and Ajinomoto (M) Bhd as examples.

“There are also a lot of funds, specialising in syariah, outside Malaysia,” he argues.

Amid the prevailing gloomy economic outlook, the EPF saw its investment income decline 36.2% to RM6.78bil in the first quarter ended March 31, 2016, from RM10.63bil in the corresponding period last year.

Fixed-income instruments was the main driver of the EPF’s first-quarter results, accounting for 55.2% of the fund’s quarterly income, while equities contributed 37.6% of that. The remainder came from other income-generating assets such as real estate and infrastructure and, money-market instruments

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Re: EPF
« Reply #21 on: June 04, 2016, 06:52:51 PM »



Saturday, 4 June 2016
Why all the brouhaha over the EPF’s new policy?
BY M. SHANMUGAM







 
 
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CONCEIVABLY, it is a clever scheme to attract the attention of retirees when the Employees Provident Fund (EPF) comes up with a ruling that allows contributors to keep their money with the fund until the age of 100.

However, after careful scrutiny, what comes to mind is such a ruling would not be necessary for the majority of contributors – unless they view their savings in the EPF as an “inheritance” to be passed on to the next generation instead of money saved to be used in their retirement.

The argument for continuing the EPF contribution beyond the official retirement age of 60 is that life expectancy has improved and the older generation need steady cash-flow as they ease into old age.

Yes, life expectancy has improved. The average Malaysian life expectancy is 75 years old now.

However, how many live up to the ripe old age of 100?

If one survives, at that age most of the needs would be related to medical care. Moreover, at that age, many would want to spend their time in an environment where they are comfortable and together with their loved ones. They do need some money for that purpose.

Therefore, money kept in the EPF is money to be used in retirement. Technically, it should be drawn down gradually.

Hence comes the question: Should the EPF continue to accept contributions from those well beyond the retirement age of 60?

According to the EPF’s annual report, out of its 6.79 million active members, some 147,168 are above the age of 60. By being active members means that they continue to contribute to the fund at least once a year.

Breaking down the figures further gives an interesting perspective of how some members probably view their savings in the EPF as an “inheritance” to be passed on to the next generation instead of utilising the money in their retirement.

The EPF has 11,100 active members who are above 70 years old and they have some RM1.75bil in savings. Of that number, 118 are above the age of 80. Breaking it down even further reveals that the EPF has 31 active members above the age of 85.

One wonders what motivates one to continue contributing to the EPF after the age of 60.

According to the EPF, members should have at least RM196,800 when they reach their retirement age to get a monthly return of RM820 per month for the next 20 years, which is until 80.

The total amount that the 31 active members who are above 80 have in the EPF in savings is RM5.98mil. This works out to almost RM192,000 per person, falling short of the RM196,800 mark.

However, why would someone continue to contribute after the age of 80? They can always draw down on their savings, unless the person thinks that he or she would live for another 20 years.

In all probability, most of the active members above 65 are self-employed or work in family-owned companies. They probably have some extra income and would rather want to leave their retirement savings in the EPF instead of any bank.

The EPF is the safest and cheapest fund manager in town that has been consistently giving out a dividend of 6% when banks only offer half of that. Furthermore, if the money is invested in unit trusts or any other schemes, there is a high probability that the value would erode.

There is nothing wrong with placing money with the EPF after 60. However, the EPF in essence is a retirement scheme. It’s not designed to place money for the next generation.

There are some corporate tycoons who are well beyond the age of 60 having several millions in the EPF that earns a return of 6%. The reason why they don’t withdraw their money is because of the splendid returns.

Considering that the EPF receives more money than withdrawals, it should not need the extra contribution from the “super rich”.

The size of the EPF now stands at RM684bil and is likely to hit RM700bil in three years’ time. It should be able to do without contributions, especially from those above the age of 70.

However, a compelling question is that would there be an impact on the returns to the average contributor who has less than RM200,000 by the select few holding millions? Simply put, would the average contributor get more in terms of dividends if the savings of the super rich were to be capped at a certain size?

In principle, it should not because the returns are uniform to all. But considering that the EPF has all the information in the portfolio of the contributors, it would have an idea to the answer above.

The rules currently are such that anybody can contribute to the EPF. In fact, a contributor can put in an additional RM60,000 per annum to his or her compulsory savings.

However, one wonders if this works with the objective of the EPF being a retirement fund, where members ideally should start drawing down their savings gradually in their years after retirement.

It is not a place to save for the next generation. This is the view held by some members obviously

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Re: EPF
« Reply #22 on: June 21, 2016, 06:07:10 AM »



财经  2016年06月20日
无意成纯伊退休基金 公积金局不售银行股

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无意成纯伊退休基金 公积金局不售银行股
沙里尔表示,公积金局无意脱售不符伊斯兰教义的银行股,也不太可能成为一家纯伊斯兰退休基金。

(吉隆坡20日讯)虽然公积金局(EPF)的长远目標是成为全球最大的伊斯兰退休基金,但该局无意脱售不符伊斯兰教义的银行股,也不打算成为一家纯伊斯兰退休基金。

公积金局首席执行员拿督沙里尔表示,公积金局会员可以从今年8月8日起申请將本身的退休金,从传统基金转移到伊斯兰教义基金(Simpanan Shariah),截止日期是今年12月23日。

同时,他说,「我们的伊斯兰教义基金的初步资金规模是1000亿令吉,申请者先到先得。申请失败的会员必须等到2017年。」

转换伊基金808开放申请


沙里尔是在出席公积金局召开的伊斯兰教义投资基金匯报会时,发表上述谈话。

与此同时,沙里尔说,公积金局不太可能成为一家纯伊斯兰教义退休基金,也不太实际。因为这违反公积金局的宗旨,也就是让会员选择传统基金或伊斯兰基金。

沙里尔补充,该局之所以將伊斯兰教义基金的初步资金规模设定在1000亿令吉,就是要有足够的资金空间,投资非伊斯兰教义的股票。

此外,他也说,虽然银行股是不符伊斯兰教义的股类,但该局不打算脱售银行股。「银行股依然是我们的投资组合里的主要投资。」

根据公积金局的30大上市公司持股名单(截至2015年12月31日止),伊斯兰教义股和非伊斯兰教义股各占19只和11只。而11只非伊斯兰教义股当中,银行股便占了7席。

公积金局在7只银行股的持股率,介于14.01%至42.18%。

其中包括马银行(MAYBANK,1155,主板金融股)、联昌国际(CIMB,1023,主板金融股)和大眾银行(PBBANK,1295,主板金融股)等。

沙里尔强调,展望將来,公积金局的伊斯兰教义资產规模,平均每年料增加至少250亿令吉,但该局不会承诺这个基金可带来多少投资回酬。

公积金局的伊斯兰教义投资基金將从2017年1月起开跑,公积金局会员可选择將公积金局转移到伊斯兰教义投资账户。

目前,公积金局管理的2950亿令吉资金当中,有超过45%是投资在伊斯兰教义项目。

非穆斯林会员可参与这个基金,但一旦选择转换到伊斯兰公积金,就不能转回传统公积金。

伊斯兰教义投资基金的初步资金规模是800亿至1000亿令吉,而其投资回酬料和传统投资基金相去不远

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Re: EPF
« Reply #23 on: June 21, 2016, 07:22:27 AM »



EPF: Simpanan Shariah registration starts Aug 8
Posted on 21 June 2016 - 05:38am
By Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: Those who wish to switch to the new retirement savings option “Simpanan Shariah” can start to register from Aug 8, according to the Employees Provident Fund (EPF).

The Islamic pension scheme, which will take effect on Jan 1, 2017, will see its dividend rate based on portfolio performance of syariah-compliant investment with no guaranteed minimum dividend.

As the conventional and Islamic schemes have the same risk-return objectives, both portfolios are expected to deliver similar dividend rates over the long-term, which is inflation rate plus 2%.

“But you should expect over the short period, there will be differences in dividend,” CEO Datuk Shahril Ridza Ridzuan told a media briefing here yesterday.

Simpanan Shariah is open to all EPF members regardless of race, religion and nationality. Worth noting is that members who have chosen Simpanan Shariah are not allowed to revert back to the conventional scheme after the effective date.

The initial fund size for the scheme is RM100 billion and will be allocated on a “first come first serve” basis.

EPF members must submit their applications by Dec 23, 2016 personally at any EPF branch with their identification card to verify their thumbprint.

Based on a consultation exercise carried out by EPF last year, 70% respondents agreed that there should be an option to have retirement savings managed according to syariah principles.

“Therefore, we are confident of the take-up of the new scheme,” Shahril said.

He said the RM100 billion fund size constituted about 15% of EPF’s total investment asset of RM681.71 billion as at end-March, 2016.

Currently, Islamic investments make up 45% or RM295 billion of EPF’s total investments.

In order to maintain a minimum of 45% syariah assets, Shahril said, EPF will need to grow its syariah assets by at least RM25 billion to RM30 billion a year.

As at end-December 2015, EPF had 14.55 million members, of which 6.79 million are active members

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Re: EPF
« Reply #24 on: June 21, 2016, 07:34:31 AM »



Monday, 20 June 2016 | MYT 9:30 PM
EPF not worried about Brexit effect, says CEO






 Prego
The EPF has a 20% stake in the Battersea Power Station mixed-use development project. The Reuters photo shows a jogger running by the river Thames at Battersea Park in south London.
The EPF has a 20% stake in the Battersea Power Station mixed-use development project. The Reuters photo shows a jogger running by the river Thames at Battersea Park in south London.
 
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KUALA LUMPUR: The Employees Provident Fund (EPF) is not worried over uncertainty surrounding the United Kingdom’s (UK) European Union (EU) referendum considering the fund’s low exposure to the pound sterling.

Chief executive officer Datuk Shahril Ridza Ridzuan said out of the fund’s 26% of global assets, its pound sterling exposure stood at about 1%.

“We see the Brexit (UK exiting the EU) having an impact towards short-term volatility in terms of the value of the pound sterling...We are not exposed that much, other than our 20% in Battersea Project there.

“The bulk of our property investment in the UK involved long leases to high grade corporates, so we are not worried about the tenancy aspect,” he told a media briefing on EPF Simpanan Shariah in Kuala Lumpur on Monday.



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The new retirement savings served as an option for members who wish to convert their current conventional EPF savings to one that is invested in accordance with Shariah principles.

EPF Simpanan Shariah, which will be launched next year, will open registration to members on Aug 8 this year. (See EPF’s Shariah savings scheme open for registration on Aug 8)

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Re: EPF
« Reply #25 on: June 23, 2016, 05:55:29 AM »



【独家】民众:制造混乱分裂会员
“回教公积金多此一举”
1080点看 2016年6月22日
独家报道:潘丽婷

会员选择回教公积金后就不能更改,引起坊间议论纷纷。(档案照)

(八打灵再也22日讯)“好端端的,干嘛要弄个什么回教公积金?这不是制造不公平、分裂和混乱吗?”


“回教公积金?不懂,不了解。

“选择回教公积金是无法回头的,先观望再说。

“回教公积金的投资范围肯定较小,但看起来派息率应该会比较大,单从这方面想,转换过去应该会更划算吧。

“回教公积金为何选后不能改?”

选择后不能更改

马来西亚雇员公积金局宣布,会员可从8月8日起至12月23日选择注册于回教公积金户头,在坊间马上掀起议论纷纷,而其中最引人争议的就是选择后不能更改,以及担心会员利益受损。

普通市民没有专才分析的知识和能力,一切都是从最基本和贴身的利益着眼,所以不少打工族也在盘算,到底是否要在期限内转换,或保留传统的公积金户头。

毕竟,注册回教公积金户头是有时限且先到先得,若是错过机会,日后看到大家缴付同样的公积金,但人家的派息却你比高,心里肯定不平衡。

但,也因为这样,大部分公众认为,这项措施在公积金会员间造成分裂,形如脱裤放屁,多此一举。


马来西亚雇员公积金局宣布,会员可从8月8日起至12月23日选择注册于回教公积金户头。

传统模式符回教教义
没必要划分数个户头

《南洋商报》记者针对回教公积金的课题访问民众,大部分受访的打工族说,现有的传统公积金模式也符合大部分回教教义,没有必要把公积金划分为数个户头,因这或引起担心行政有偏差时或对另一方造成不利。

他们建议当局专心管理一个公积金,并且可通过传统模式去加强符合回教教义的投资,为会员带来同等回酬。

不了解政府用意
保留原状更安全

也有民众坦言对这项新公积金的模式不熟悉,所以目前只能观望。

他们说,因不清楚设立回教公积金的用意,尤其这是终生选择,为免仓促做错决定暂时不会随意更改,会待正式运作后再作打算。

只能投资符教义项目

这些会员担心新的公积金若是回酬不理想,却无法再申请转回传统公积金,考虑后认为暂时保留原状会较安全。

小撮受访者认为,传统公积金投资范畴较广,而回教公积金只能投资符合回教教义的项目,理论上回酬或派息不会太高,但考虑到政府会扶持,所以乐观相信,回教公积金即使没有最低的回酬保障,派息率也不会太低。

为此,他们表示若单从这方面考量,转换去回教公积金应更有保障。


产业市场执行员·林晋伙
先观察几年再决定

经济不稳定,市场一直在变化,暂时无意把传统公积金户头传去回教户头。加上当局限制会员做出决定后不可更改,暂不感兴趣,或许先观察几年再做决定也不迟。

公司大约有700位员工,大部分包括巫裔都维持现有传统户头,巫裔职员认为现有传统模式与回教模式没有差异,而且多达45%运作都符合回教教义。

助理·赖俊权(28岁)
没有最低回酬保证

如果两个模式回酬差异大,或许还可让会员作出明确判断,惟差别不大,也没有最低回酬保证,并且只能作一次选择,相信不太有吸引力,而且有感多此一举。

我觉得作为公积金管理层,应当全力替会员管理金钱,不该分数个户头,让会员感到有偏差;若是要满足符合回教教义投资,也可从传统模式去改进,勿让该些选择成为会员的难题。

助理秘书·梁莉思(35岁)
比较注重稳定回酬

我不了解这回教公积金,也不清楚回酬有多高,若回酬比传统来得高,或会选择,只是只能选择一次让人有所犹豫。

无论如何,我较注重稳定回酬,对于现有每年派息感到满意。但单靠公积金那份存款,不足以应对未来退休生活及通货膨胀率,本身也有额外存款作为退休金。


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Online king

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Re: EPF
« Reply #26 on: June 23, 2016, 11:50:13 AM »


Shariah scheme could spark interfaith friction, EPF warned
Thursday June 23, 2016
11:02 AM GMT+8

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Datuk Shahril Ridza said EPF has allocated an initial RM100 billion, or about 15 per cent of its total investment assets of RM681.7 billion as at March 2016, for the Shariah-compliant savings scheme. ― Picture by Yusof Mat Isa
Datuk Shahril Ridza said EPF has allocated an initial RM100 billion, or about 15 per cent of its total investment assets of RM681.7 billion as at March 2016, for the Shariah-compliant savings scheme. ― Picture by Yusof Mat Isa
KUALA LUMPUR, June 23 ― The Employees Provident Fund's (EPF) move to introduce a Shariah contribution scheme could spark dissension between Muslims and minorities of other faiths, pro-moderation group Centre for a Better Tomorrow (Cenbet) said today.

The MCA-linked NGO said the creation of a parallel scheme specifically for a religion would create situations that may be perceived as unjust, and urged the retirement fund to rescind the decision.

“With two parallel schemes running, it is likely that their dividends would differ from time to time. This would create a sense of injustice among contributors, which could take a racial-religious dimension,” the group said in a statement.

“Inevitably, there will come a day when Malaysian employees' retirement savings are determined by the religion they profess in,” it added.

The EPF announced three days ago that its Shariah-compliant savings scheme will be open for registration on August 8, 2016.

Its chief executive officer, Datuk Shahril Ridza, said then that the retirement fund has allocated an initial RM100 billion, or about 15 per cent of its total investment assets of RM681.7 billion as at March 2016, for the scheme.

Cenbet said the new programme may also create perceptions among the public that some investments could be non-halal or haram by comparison or implication.

“This is not healthy in a plural society where we should embrace diversity and not allow our religious differences to further divide us,” it said.

Cenbet added that the EPF was set up as a mandatory retirement savings fund and its statutory duty is to maximise returns for all contributors based on sound investment policies.

“It should stick to doing this, although the fund may choose to stay clear of alcoholic beverages and gaming counters.

“Beyond this, it is not EPF's duty to introduce a religious dimension into its investment decisions. We live in a multicultural society that can do without further division,” it said.

Malaysia has seen rise of Shariah-compliant businesses and measures, from airlines to web browsers, in tandem with the country's growing religious conservatism

- See more at: http://www.themalaymailonline.com/malaysia/article/shariah-scheme-could-spark-interfaith-friction-epf-warned#sthash.DjWIi6b7.dpuf

Online king

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Re: EPF
« Reply #27 on: June 25, 2016, 10:05:25 AM »



国內  2016年06月24日
【英国脱欧】英镑贬值 公积金局投资回酬缩水

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【英国脱欧】英镑贬值 公积金局投资回酬缩水
英国脱欧,英镑应声下跌,图为一名钱幣兑换商正在点算英镑。(摄影:邱继贤)

(吉隆坡24日讯 )马来西亚对外贸易发展局(MATRADE)首席执行员拿督祖基菲里表示,英国脱欧,將会影响大马公积金局(EPF)在英国的投资回酬。

他解释说,公积金局有在英国投资,英国脱欧成功將会导致英镑贬值,届时公积金局在英国的投资所获得的回酬,就会缩水。

「同时一些產业在英国的价值也会下跌。」

询及预测英镑匯率会有多大的跌幅,祖基菲里预料,英国脱欧料会导致英镑兑换率,下跌15至20%左右。


他表示,英国脱欧后將会加强在自己国家的投资发展,减少在欧盟的投资。

「英国之前投资很多钱去支持发展欧盟,(之后)英国会把钱放在国內投资上,去提升自身经济,开发新的发展。因此我们需要持续观察。」

他强调,英国脱欧的决定对大马贸易的影响并没有太大。

他表示,由於大马还没与欧盟签署自由贸易协议(FTA),对於英国的脱欧决定,大马依然可以和英国及欧盟进行生意来往。

「贸易没有很大的影响,只有一点而已,不会太大。」

英国学费降低

祖基菲里今日出席为中国工商银行「开拓电子商务」座谈会主持开幕后,向媒体如是表示。

不过,祖基菲里指出,英镑的贬值也有带来好处,如英国学费低了,英国的產业价格也下跌。

他认为,英镑的贬值只是短暂的,英国他们会再去做出调整。

「无论如何,短期来说,人们还是还是看好英国。长期来说,英国需调整他们的经济。」

他也认为,英国还是理想的投资地点。「因为旅游、產业、劳工和英文语言共同点来说,英国还是理想投资地点。」

Offline ongchef

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Re: EPF
« Reply #28 on: June 25, 2016, 11:51:30 AM »
 :)......"long de zhuan ren",RMB back by solid gold,ji long ji long yi zha leow yan :cash: :cash: :cash:!!!! :thumbsup:

Online king

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Re: EPF
« Reply #29 on: June 26, 2016, 09:53:13 AM »



沙里爾派定心丸 公積金局英投資影響微
 2059点阅   2016年6月25日
■公積金局總執行長拿督沙里爾理扎
■公積金局總執行長拿督沙里爾理扎

■公積金局占20%的巴特西發電站發展項目,資金約100億英鎊(570億令吉)。下圖為倫敦的11-12聖詹姆士廣場,是公積金局于2011年以7.4億英鎊(42.2億令吉)購得。
■公積金局占20%的巴特西發電站發展項目,資金約100億英鎊(570億令吉)。下圖為倫敦的11-12聖詹姆士廣場,是公積金局于2011年以7.4億英鎊(42.2億令吉)購得。
(吉隆坡25日訊)英國脫歐,對在英國有投資項目的本地官企和私企到底會不會造成大沖擊?大馬對外貿易發展局指將會衝擊僱員公積金局(EPF)派息率;但公積金局卻派定心丸,指脫歐對該局在英國的資產影響不大。



僱員公積金局總執行長拿督沙里爾理扎說,該局在英國大部分投資屬于長期投資,英國脫歐對該局在英國的資產影響不大。

“短期而言,公積金局在英國的投資,僅會因英鎊匯率波動而減少一些利潤。”

外貿局:或影響派息率

他指出,公積金局在英國的投資只佔該局全球資產約1%;其中在英國巴特西發電站項目只有20%持股率。

沙里爾最近在一項伊斯蘭公積金匯報會上,針對英國脫歐對該局投資回酬的影響,如此回應。

“我們在英國的資產都是長期投資,而且是出租給高評級公司,因此不擔心租金問題。”

26%資產屬海外投資

公積金局目前有26%資產屬于海外投資,其中在英國的產業投資,包括涉及至少100億英鎊(570億令吉)的巴特西發電站項目,是由實達集團、森那美與公積金局聯合持有,持股率分別是40%、40%和20%。

至于11-12聖詹姆士廣場,則是公積金局于2011年以7.4億英鎊(42.2億令吉)購得。今年4月,公積金局再砸2億英鎊(11億令吉)在英格蘭中西部地區購入3片商業園區。

根據2015年年報,截至2015年12月31日該局在英國資產投資值145億1491萬令吉,較2014年的126億7427萬令吉增加14.5%。

大馬對外貿易發展局(MATRADE)總執行長拿督祖基菲里昨日透露,脫歐導致英鎊暴跌,對在英國投資、置產業及教育是好事,但公積金局在英國投資的利潤,會因此而減少。

他預測,英鎊短期內可能下跌15至20%,但可能只是短期現象,之後將會調整,因為英國仍是很多人喜愛投資的國家。也不會影響大馬,因為英國並非我國最大貿易國。

KWAP:不受影響

公務員退休基金局(KWAP)總執行長旺卡馬魯查曼也對該局在英國所持有的資產有信心,指不會受到英國脫歐而影響。

他說,有關資產在長期來說是獲取豐厚回酬。

但他不否認,英國的決定可能會導致其地產市場于短期內下跌,及英鎊下跌影響出租回酬。

“但我們不認為這是很大威脅,因為我們不是旨在炒地產。”

新聞背景:公積金局參與巴特西發電站項目

巴特西發電站項目(Battersea Power Station)是全歐洲最大的重建項目,也是倫敦首個大型綜合發展項目。

這項重建工程涵蓋的設備,包括4星級酒店、可負擔和高檔公寓、零售店、餐廳、咖啡館、酒吧、商店、學校、水療和健身中心、專業醫療中心、高級教育中心、藝術中心,及大馬廣場。

實達集團、森那美與公積金局為巴特西發電站重建工程第1、2和3階段,借取21.4億英鎊(約110億令吉)融資,同時在13個國家舉辦巡迴展后,向幾家銀行借取額外13.5億英鎊(約68億令吉)融資。

英國倫敦巴特西發電站重建工程發展總值已觸及100億英鎊(約570億令吉),比2012年初步估計的數額高出25%

Online king

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Re: EPF
« Reply #30 on: July 02, 2016, 08:18:07 PM »



2016-07-02 19:20
伊公积金先到先得‧千亿若满须等2018
公积金局发言人对星洲日报说,已申请加入伊斯兰储蓄计划的会员,若要撤回决定,可在12月23日之前提出要求。

(档案照)
(吉隆坡2日讯)雇员公积金局是以“先到先得”的方式处理加入伊斯兰公积金储蓄计划(Simpanan Shariah)的申请;会员须在12月23日前提出申请,一旦1000亿令吉被完全认领,或会员在12月24日後才提出申请,有关申请将纳入2018年等候名单。

广告

12月23前可撤回申请

公积金局发言人对星洲日报说,已申请加入伊斯兰储蓄计划的会员,若要撤回决定,可在12月23日之前提出要求。

“过後,他们将不被允许撤销有关决定,以符合及遵守伊斯兰法原则;因此,我们劝告会员在登记加入伊斯兰储蓄计划之前考虑清楚,或将他们的登记延後。”

她说,若会员对伊斯兰储蓄计划有所疑虑,则可在观察後再作决定。

公积金局日前宣布,从2017年1月1日起跑丶总额达1000亿令吉的伊斯兰公积金储蓄计划,将从8月8日起开放给所有会员登记。

广告

她指出,会员只能在伊斯兰或传统储蓄计划之间二选一,不能将两者结合,因为这将乖离伊斯兰法原则。

发言人呼吁有意登记加入伊斯兰公积金储蓄计划的会员考虑清楚,因为一旦计划起跑,会员将无法半途“U转”,回到传统储蓄计划。

她不愿针对伊斯兰公积金储蓄计划可能造成种族及宗教分裂的说法发表回应,仅表示上述计划是公积金局提供给会员的一个选项。

李兴裕:应允会员拥2户头

中總社會經濟研究中心執行董事李興裕認為,公積金局不應落實不可U轉制度,反之應該允許會員擁有兩種戶頭,譬如說把30%公積金存放在伊斯蘭戶頭,另70%則存放在傳統戶頭。

颜炳寿:制造不公平感觉

远景研究中心(CENBET)联合主席颜炳寿认为,公积金局推出伊斯兰储蓄计划,将为会员及国家带来长远问题;由於两套计划同步实行,因此两者的派息率可能有差异,这将在会员之间制造一种不公平的感觉。

文章来源:
星洲日报· 报道:叶志彬·2016.07.02

Offline jamesbond47

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Re: EPF
« Reply #31 on: July 03, 2016, 12:22:15 PM »
What islamic stocks can watch ? Any suggestion?  :cash:

Online king

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Re: EPF
« Reply #32 on: August 09, 2016, 06:01:08 AM »



国內  2016年08月08日
公积金回酬有挑战 坚持比通胀率高2%
(吉隆坡8日讯)僱员公积金局首席执行员拿督沙里尔利扎表示,受全球经济疲软影响,预计公积金局今年收益深具挑战,但公积金局会坚持投资回酬会比通胀率高出2%的目標。

他是在公积金局总部,受到记者访问询及公积金局在2016年回酬展望时,如此表示。

公积金局在2015年的派息率为6.4%,派息总额为382.4亿令吉,比前一年的6.75%较低。

过去4年来公积金局的派息率皆超过6%,即2011年是6%、2012年6.15%、2013年6.35%及2014年6.75%。


不过,隨著在全球经济和金融市场面临不確定因素增多的情况下,沙里尔利扎预料公积金局今年的回酬颇具挑战。

另外,从今天起(8月8日)起,公积金会员可选择註册將公积金传统账户转换为伊斯兰公积金账户,即存放在符合伊斯兰教义项目投资的户头,有关的转换程序于当天正式启动。

沙里尔利扎表示,僱员公积金局会员今日起可註册。会员可自由选择其公积金要存放在投资传统项目,或符合伊斯兰教义项目的投资,非穆斯林会员也可以选择將转为接受符合伊斯兰教义的投资。不过,一旦选择转换到伊斯兰公积金,就不可要求换回为传统公积金。

推出伊斯兰公积金

他说,公积金局2017年1月推出伊斯兰公积金,作为新的退休储蓄选项,该派发给会员的利息,为符合伊斯兰教义的投资所得收益,初步基金规模为1000亿令吉,採取先到先得原则。

他指出,公积金局也考虑给予伊斯兰公积金投资更多拨款。这一额外拨款取决于投资项目的回筹。但一般而言,根据马来西亚伊斯兰资產呈现的增长趋势,大概可预计每年有200亿令吉至300亿令吉的额外拨款。

沙里尔利扎表示,伊斯兰公积金的分配额与传统相同,而伊斯兰公积金会专注于保持资本稳定,以及实现高于通货膨胀率2%的利息回酬。

他提醒说,申请是持续性,不过在2017年就会截止,有兴趣的会员须在12月23日之前申请,以及视是否尚有余额可申请。

沙里尔利扎也说,公积金局近期放宽了会员投资海外信託基金的条例,接受100%投资海外的信託基金作为会员投资,是为了让会员的投资组合更加多元化。

不过,他指出,由于这还非常新,这期间不会有太多会员进行100%海外信託基金投资。不过,基金投资行业也在调整其投资组合,公积金局预计未来將会有更多会员进行有关投资。

8月1日起,公积金局允许成员投资信託基金,不过必须是完全专注于海外投资的信託基金。在此之前,公积金局规定海外投资比重超过30%的信託基金,不被纳入会员可投资的基金名单內

Online king

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Re: EPF
« Reply #33 on: August 10, 2016, 08:40:21 AM »



2016-08-09 19:07
洪建文.困难的数学题
雇员公积金局(EPF)每分每秒都得处理数以亿计令吉的金额,想必数学计算能力一定超好,否则哪能每年为会员带来可观的回酬?那么,出个数学题考考大家,50万和1455万何者为多呢?
雇员公积金局(EPF)每分每秒都得处理数以亿计令吉的金额,想必数学计算能力一定超好,否则哪能每年为会员带来可观的回酬?

广告

那么,出个数学题考考大家,50万和1455万何者为多呢?

从逻辑思考来看,1455万以量取胜,一旦涉及利益,自然得照顾影响更大的一群,但公积金局却逆向思考,选择了50万。

话说,公积金局开放伊斯兰公积金(i-EPF)注册工作,全国68家公积金分行都涌现了人潮,就有记者当面问了公积金局首席执行员拿督沙里尔,为何不交由雇主执行会员基金转换程序,这样就可避免各大分行涌现人潮。

沙里尔解释,基于雇主缺乏设备,也不想为50万名雇主会员带来负担,而且让公积金局进行处理工作更为简便。

问题来了,公积金局不想为50万名雇主带来负担,所以就要为1千455万公积金局会员带来麻烦?

广告

 
没错,伊斯兰公积金注册程序非常简单,会员亲自跑一趟公积金局花不了多少时间,但我国公共交通并不便利,会员们要处理相关事宜自然得驾车,如果全部会员都出动,岂不是瘫痪全国交通了?

这还没包括停车费、过路费等杂费,甚至是环境污染等经济成本,公积金局为了避免一小撮雇主的麻烦,结果却要如此兴师动众,不是形同资源浪费吗?

聪明的人,应该知道如何解开这样的数学题吧?

文章来源:
星洲日报‧财经小品‧文:洪建文‧2016.08.09

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Re: EPF
« Reply #34 on: September 11, 2016, 07:52:47 AM »



【独家】EPF收益跌26%敲警钟
投资低回酬或成新常态
885点看 2016年9月10日
独家报道:苏正义

资深经济学家 李兴裕

(吉隆坡10日讯)雇员公积金局第二季投资收益下跌26%是一叶知秋,高回酬年代的小确幸,恐怕已一去不回头。


不少经济学家估计,我国可能开始进入投资“低回酬时期”。以雇员公积局的情况而言,要继续再享有6%以上的派息率实属不容易,很可能要开始进入5字头,属“中规中矩”的派息率时代了。

资深经济学家李兴裕受《南洋商报》询问时说,我国已经脱离“高回酬年代”,今明两年或都处于中等回酬时期,且或在未来数年成为新常态。

他说,公积金局早就暗示今年派息或不如去年的6.40%,主要是因为市场表现不佳,加上国际经济动荡,导致第二季收益大幅下滑。

“(公积金局)也说,未来的股市和全球金融都还有变动,暗示将会受到影响,但我们希望往后的萎缩不会好像这次这么大。”

他分析说,雇员公积金局的投资组合其实相对稳定,但是预计受益将不如过往的几年。

他认为,尽管国行早前于2016年7月13日宣布下调隔夜货币政策利率(OPR)0.25%,但他相信公积金局在货币市场的投资并不多,而债券市场方面的投资大多为长期投资,因此可能还会有大约4%的收益。


今年派息或低于6%

李兴裕说,其实去年开始就有人在问,公积金是否进入了一个派息较低的周期,而这需要从公积金过去数年的派息决定方面来分析。

过去多年,我国利率的最高点是在前首相敦马哈迪刚上任的80年代,当时派息高达8.50%,整个80年代直到1994年的派息都维持在8%左右,而95年、96年的利率分别是7.50%和7.70%。

1997年至1998年的亚洲金融风暴期间,公积金局派息利率急挫1%,但是还是派了属于高利率的6.70%,也是过去20年来第二高的派息。1999年,利率稍微改善至6.84%,但在往后的三年都呈现下滑的趋势,直到2003年开始才改善,但是在2008年的次贷风暴前派息都没有高于6%。

2000年至2010年,公积金最高派息为2000年的6%,而最低则是2002年的4.25%,而2008年更是大幅下滑,从2007年内的5.80%下滑到2008年的4.50%。

2008年触底后,公积金局派息也逐渐稳固并呈现上升趋势,从2011年开始都维持在6%以上,2014年更派息6.75%,去年则小跌至6.40%。

李兴裕认为,或许今年派息将不会达到6%,但若还能有5.5%,其实属于不错的成绩。

谈到究竟这个中规中矩的利率周期大概会是多久,李兴裕也不能肯定,然而他认为明年的市场还是充满挑战和不稳定性。


公积金局曾暗示今年派息或不如去年的6.40%。(档案照)

最坏打算为4%

公积金局承诺每年派息至少是通胀率再加2%,在今年平均通胀率介于稍微高于2%的情况下,其实最低利率的可能是4字头。

尽管如此,若对比国内各银行一年的定期存款利率,其实公积金还是稍微高出些许。

李兴裕被询及此事时也说,因此若今年公积金派息超过5%,对于国人来说就是个红利(bonus)。

“对于普通人来说,公积金派息其实只要高于定期存款,其实还算可以的。因为怎么差,都会比定存高。”

他强调,其实公积金局所做的投资属于长期性质,因此必定会出现表现较佳的时候和表现不佳的时候。

他认为,在目前全球不景气的情况下,一个投资究竟好不好,其实就要看投资方锁定下的基准来判断。


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Re: EPF
« Reply #35 on: September 13, 2016, 07:13:04 AM »



公积金派息渐低?/陈天文
825点看 2016年9月12日

焦点课题●陈天文
公积金局周五公布2016年第二季投资收益成绩单,3个月赚84.40 亿令吉, 同比剧跌26.04%。有经济学家说,公积金会脱离“高回酬年代”,派息要至少6%不容易。

翻看第一季成绩,赚106.30亿令吉,同比跌 36.21%。


106.30亿加84.40亿等于190.70 亿令吉,这是半年总回酬。

190.70 亿令吉,占了公积金6845亿令吉(31/12/2015为止数字)总投资资产的2.786%。

假如下半年公积金保持上半年的投资收益,全年赚幅会是大约5.57%,2015 年,公积金投资回酬达7.40% ,但派息6.4% ,单单去年就有1% 的未分配派息回酬,早年的还未计入。

该局如果把未分配盈利拿出来派息,2016年派息6% 一点都不出奇。

坊间有个说法,公积金派息与大选前造势有关联,派息往往被调高。此论点笔者不敢推翻,确实有这个可能性。

未来半年有望降息

最近,经济学家对国行降息看法,看跌的较多,预期在未来半年有望调降另一个0.25%。

利息降,长远会影响固定收益回酬,唯影响幅度取决于手上长期公司债券与公债的多寡。

但另一方面,降息将提振股市,高股市回酬抵消渐低的固定收益回酬。

公积金51.61%资金投资属于固定收益,40.94%布局在股市。

此消彼長,降息对公积金投资冲击不大。

股市规律,长久走势牛熊交替,大马股市经历2年半不振,大概也是时候重拾动力,现在只待主要负面因素消除,就可重新上路。

题外话,国际财务报告准则“IFRS”相对旧规更严谨,导致亏损拨备增加,影响账面盈利。此拨备非实际亏损,属预期亏损。实行初期,一次性注销居多,日子久了,注销少了,对账目冲击也就不大明显。

2015年,公积金能派息6.40% ,25% 海外投资居功不小,这批投资取得不少外汇盈余。除非马币再贬值,否则今年外汇盈余不用指望。

无论如何,前路确实充满某些挑战及不确定性。


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Re: EPF
« Reply #36 on: October 01, 2016, 08:17:00 AM »



国內  2016年09月30日
公积金局基本存款额 调高至22万8千令吉

(吉隆坡30日讯)大马僱员公积金局(EPF)今日宣佈,从2017年1月1日起公积金局基本存款额,从19万6800令吉增加至22万8000令吉。

公积金局今日发表文告表示,22万8000令吉是作为公积金会员在55岁时,应有的最低存款数额。

这笔基本存款额被视为根据大马平均年龄75岁,足以应付公积金局会员在55岁退休后20年生活成本。

隨著生活成本攀升


文告表示,这项新定基本存款额,是根据公共领域僱员的最低养老金,即从55岁至75岁间,从820令吉提升至950令吉作为统计。

同时,公积金局企业事务部负责人鲁丽妮指出,公积金局的基本存款额,是根据公共领域僱员的最低养老金或每3年进行一次修订,而最后一次的修订是在2014年。

有鉴于生活成本不断的攀升,国人的寿命增加以及更高的通货膨胀率,因此公积金局才会做出从原本的19万6800令吉基本存款,提升至22万8000令吉的决定。

「会员们如今被要求在他们的公积金户头有更高的储蓄,以便有资格参与公积金局会员投资计划(EPF-MIS)。」

可提高退休储蓄

这项计划惟会员们提供一个选项以提高他们的退休储蓄,会员们可以通过公积金户头1的部分储蓄,用作投资信託基金单位或通过公积金局会员投资计划下执行的基金管理公司(FMI)进行私人管理。

鲁丽妮提到,基本存款將被用作会员的导向,確保一定数量的金额可以被转移到投资计划下。

在2017年1月1日生效后,符合制定金额的会员被允许在公积金局会员投资计划进行投资,而从户头1的限额也从现有的20%增加至30%

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Re: EPF
« Reply #37 on: October 03, 2016, 07:23:36 AM »



蔡兆源:70%会员不达标
提高基本存款仅足糊口
1000点看 2016年10月1日
报道:蔡晓薇

蔡兆源:要看每月退休金是否足够。

(八打灵再也1日讯)尽管大马雇员公积金局明年起把公积金基本存款提高至22万8000令吉,但理财专家提醒,这笔款额也仅仅能应付退休基本生活,更大的问题是目前超过70%者退休时连基本存款规定也达不到,舒适退休谈何容易?


大马雇员公积金局宣布,明年起把退休基本存款从现有19万6800令吉增至22万8000令吉。

税务专家拿督蔡兆源受《南洋商报》询问时指,这调整额不算多,问题在于超过半数公积金会员的基本存款不达标,当务之急是探讨个中原因。

他说,公积金局是以生活成本所需来计算会员基本存款额,以退休会员每月可享有950令吉推算出基本存款需至少22万8000令吉。

他指根据国际劳工组织基准,雇员每月所获的退休金需是他们退休前,最后一次所得薪水的60%。若其月薪为3000令吉,对方每月退休金应该达1800令吉才算足够。

“我们不能只看基本存款的总额,而是要看每月退休金是否足够。”

他相信当局也以家庭收入约820至900令吉令吉列入贫穷线,作为制定公积金会员基本存款额的考量之一。

根据大马雇员公积金局资料,我国670万名活跃会员中,只有22%的人达到基本存款标准。

收入低开销大难储蓄

蔡兆源认为,低收入及生活费太高可能是导致国人难以储蓄公积金的原因之一,但也有很多会员往往为了解决现有问题而动用公积金。

“就如选择将原本11%公积金缴纳率降低至8%的公积金会员就超过50%。”

他劝请国人别只专注于眼前问题,也要有长远规划以确保晚年退休生活安逸。

会员投资计划也调整

随着大马雇员公积金局明年起把会员退休基本存款从现有的19万6800令吉增至22万8000令吉,各年龄层会员基本存款额将有变,该局会员投资计划(EPF-MIS)参与者的存款规定也取决于这变化。

公积金局规定,会员若要通过EPF-MIS把部分存款用于投资获批准的信托基金,其公积金户头1的存款必须高于基本存款,而基本存款需求则根据不同年龄调整。

对于超出基本存款的数额,目前会员可最高提取当中的20%作为投资,明年起这比率则提高至30%。

由于该局基本存款额明年起获调整,符合资格参与EPF-MIS的会员在户头1基本存款额方面,除了18岁公积金局会员的基本存款额维持1000令吉不变,19岁至55岁会员的基本存款额需求将按年增加。以20岁会员为例,明年起其基本存款需从现有4000令吉增至5000令吉、30岁者基本存款从2万7000令吉增至2万9000令吉、40岁者从6万9000令吉增至7万8000令吉。50岁会员的基本存款则需从14万3000令吉提高至16万5000令吉。

公积金别乱动用

针对雇员公积金局允许会员动用部分公积金作为支付教育、房贷及医药用途,蔡兆源认为这些措施模糊了公积金作为退休用途而存在的意义,当局需探讨这些措施是否合理。

他说,会员动用公积金医病是无可厚非,但作其他用途则需进一步考量。他提醒,打工一族每月固定缴纳23至24%的公积金不算多,会员有必要回到“公积金主要为退休金”的初衷,尽量别动用存款作退休金以外的用途。

“若会员要参与公积金会员投资计划,则需做足功课,切勿盲目投资。”

蔡兆源鼓励国人参与私人退休金计划增加存款,参与者更可享有3000令吉税务减免。

“雇员也可以与雇主商讨以提高雇主公积金缴纳额,因为比起调高薪水,提高公积金额有助减少支付所得税。”

对于有些会员取出公积金以支付房贷,蔡兆源认为若公积金回酬率高于房贷利率,就不值得这么做。

蔡兆源也提到,自我增值及致力提高收入是确保生活安逸的不二门法,随着政府透过经济转型计划预计在2020年制造330万个中高收入的新就业机会,低收入者应积极提高技能,把握这些机会。



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Re: EPF
« Reply #38 on: October 06, 2016, 11:36:41 AM »



Don’t forget EPF’s purpose, house buyers group says
Mikha Chan | October 6, 2016
House Buyers Association says government must ensure it does not allow too large a percentage to be drawn by future house buyers from EPF Account 2.
Chang-Kim-Loong

PETALING JAYA: Don’t forget the EPF’s true purpose, National House Buyers Association (HBA) Secretary-General Chang Kim Loong has cautioned the government, even as he lauds the proposal to increase funds in the Employees’ Provident Fund (Account 2) from 30 per cent to 40 per cent to aid those wishing to buy their first home.
Commenting on the proposal by Second Finance Minister Johari Abdul Ghani, which was reported on Wednesday, Chang said the government must study the matter and ensure that they do not allow too large a percentage to be drawn from Account 2.
“The purpose of the EPF is to cater to those in their old age. It is the duty of the government to ensure that there is sufficient money during the contributors’ old age,” Chang told FMT.
“Of course, the proposal should act as a unit trust system of control in the sense that whatever sale of the property goes back into the EPF account to ensure that the same account can be used again for future purchases.”

Johari said as much, adding that house buyers must return proceeds from any subsequent sale back to their EPF accounts.
“There will not be a blanket increase. We are looking at a specific percentage and how EPF can allow some of the money to be used by first-time house buyers for their down payments,” Johari had said in earlier reports.
EPF Chief Executive Officer Shahril Ridza Ridzuan has, however, been non-committal, saying that the fund will not be able to commit for certain to the proposal and that the EPF is currently exploring options with the Finance Ministry.
Chang was appreciative of the proposal, but also added that it had to come in lieu of the earlier proposal by Urban Well-being, Housing and Local Government Minister Noh Omar to allow housing developers to apply for moneylending licences.
He referred to his earlier open letters, published in The Star, against Noh Omar’s proposal, saying that the scheme would drag unwitting house buyers into deeper debt

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Re: EPF
« Reply #39 on: October 12, 2016, 08:22:36 AM »



Tuesday, 11 October 2016 | MYT 2:13 PM
Ahmad Husni: More EPF savings for retirees ‘to have a good life’

BY MARTIN CARVALHO







 
 
KUALA LUMPUR: The Employees Provident Fund (EPF) is set to raise the savings threshold of contributors to RM228,000 next year to ensure retirees ‘have a good life’ when Malaysia becomes an ageing population.
 
Asian Forum of Parliamentarians on Population and Development’s (AFPPD) president Datuk Seri Ahmad Husni Mohamad Hanadzlah said the move was necessary when Malaysia becomes an ageing nation by 2030, adding that more than three quarters of employees have insufficient EPF savings for retirement.

“At present, the EPF savings threshold for a person to have a good life upon retirement is RM196,800.

“However, some 78% of employees aged 54 have EPF savings well below this threshold,” he told reporters at a press conference after launching the Policy Dialogue of Asian Parliamentarians and Experts On Aging here Tuesday.

He said this must be done to prevent ageing Malaysians from facing financial hardships in the coming years due to insufficient savings.

“By United Nation’s definition, Malaysia will be an ageing nation by 2030 as some 20% of our population will be above 60 years old.

“Imagine what will happen after that and what more with life expectancy increasing,” he added.

Ahmad Husni urged the Government to make the necessary financial, infrastructure and social preparations to face an ageing population.

“The Government must be prepared financially and have the necessary allocation.

“If a person is unable to support him or herself, the Government must move in to help,” he added.

He said the AFPPD secretariat will prepare its report and recommendation to the Government to address this issue.

“We will submit our recommendations as soon as possible but it may not be in time for the coming Budget announcement.

“However, members of Parliament can still raise the issue of the nation facing an aged population when debating the Budget,” he added.

Ahmad Husni said that some 30 parliamentarians from 12 countries are taking part in the dialogue to help formulate recommendations suited for the nation’s needs in tackling an aged population.

As at December 2015, the EPF has a total of 14.55 million members with 6.79 members being active contributing members.

A recent study by the Malaysian National Population and Family Development Board estimated that more than half a million of the 2.4 million senior citizens suffered from the “empty nest syndrome”, while 90% of the EPF contributors could not sustain beyond five years after retirement.

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Re: EPF
« Reply #40 on: October 14, 2016, 07:30:47 AM »




EPF向2外国银行贷款12亿

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Re: EPF
« Reply #41 on: October 14, 2016, 07:32:18 AM »



EPF向2外国银行贷款12亿


why epf need to borrow money
fr 2 foreign banks ??

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Re: EPF
« Reply #42 on: October 14, 2016, 07:52:46 AM »

why epf need to borrow money
fr 2 foreign banks ??

No nid borrow can get from Sabah water works
Plenty of monies over there
just go and scope as much as you can
I heard dr kimmy lost alot of monies

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Re: EPF
« Reply #43 on: October 14, 2016, 07:57:25 AM »

why epf need to borrow money
fr 2 foreign banks ??

pu nia moh

 even epf have to borrow money ?

I tot epf has lots and money is supposed to be the lender instead
When I was young I used to pray for a bike, then I realized that God doesn't work that way, so I stole a bike and prayed for forgiveness.

It is dangerous to have a naive mindset, it may cause serious faults in decision making.

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Re: EPF
« Reply #44 on: October 15, 2016, 12:29:10 AM »
 :thumbsup:

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Re: EPF
« Reply #45 on: October 15, 2016, 05:45:47 PM »



2016-10-14 09:35
发展英国资产.EPF联合贷款12.3亿
大马公积金局向星展银行与渣打银行进行联合5年贷款计划,贷款额高达2亿4000万英镑(约12亿3300万令吉),以发展公积金局英国资产。

(图:马新社)
(吉隆坡12日讯讯)大马公积金局(EPF)向星展银行(DBS)与渣打银行进行联合5年贷款计划,贷款额高达2亿4000万英镑(约12亿3300万令吉),以发展公积金局英国资产。

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熟知上述内情的消息人士向《路透社》表示,只有少数银行被邀请参与上述联合贷款活动。

公积金局所募集的资金将用来支持期收购的英国资产。

今年4月,公积金局从IM产业公司收购了英国工业与物流资产,作价11亿令吉。

今年2月,公积金局已经进行了一项5亿4000万英镑(约27亿7400万令吉)再融资计划,由渣打银行主理,联合另外4家银行提供这项计划。

2012年,公积金局、森那美(SIME,4197,主板贸服组)与实达集团(SPSETIA,8664,主板产业组)联合在伦敦发展巴特西产业,分别持有20%、40%及40%股权。

3大机构耗进行了一项1亿6800万英镑(约8亿6300万令吉)的5年再融资计划,以融资收购巴特西发电厂的土地,有关资产总收购价为4亿英镑(约20亿5500万令吉)。

文章来源:
星洲日报/财经‧2016.10.14

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Re: EPF
« Reply #46 on: October 21, 2016, 06:52:19 AM »



Friday, 21 October 2016 | MYT 1:19 AM
EPF negotiating for RM1.28bil loan to refinance UK assets






  A 2013 AFP file photo of Battersea Power Station in central London. Battersea's redevelopment is one of EPF's more well-known investments in the UK.
A 2013 AFP file photo of Battersea Power Station in central London. Battersea's redevelopment is one of EPF's more well-known investments in the UK.
 
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KUALA LUMPUR: The Employees Provident Fund (EPF) is seeking to refinance its assets in the United Kingdom to help protect against volatilities in foreign currency and exchange rates by taking a loan of RM1.28bil.

In response to a Whatsapp message being circulated on a purported RM12bil loan taken by it from Standard Chartered and DBS, the fund said in a statement on its website that offshore financing reduced the foreign currency exposure of the global real estate investment and, therefore, was part of investment best practice.

“The deal is being undertaken through our subsidiary Kwasa Global and is still under negotiation, though the loan amount involved is RM1.28bil, and not RM12bil as has been stated in the WhatsApp,” EPF said.
 
It added that all investment decisions made by the EPF were in accordance with our risk-return profile, “in line with ensuring that members’ retirement savings are safe and well managed.”

It was reported by Bloomberg last month that the fund has a UK property portfolio worth more than £2bil (RM10.2bil). However, EPF chief executive officer Datuk Shahril Ridza Ridzuan had said the fund’s exposure to UK properties was small at between 1% and 1.5% of its overseas portfolio.

Among EPF's high-profile exposure to the UK market is its 20% interest in the Battersea Power Station redevelopment in London

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Re: EPF
« Reply #47 on: October 23, 2016, 07:42:03 PM »




Malaysians Must Know the TRUTH
SATURDAY, OCTOBER 22, 2016

FROM KWAP-SRC TO EPF? FEARS OF ANOTHER MASSIVE NAJIB-LINKED SCANDAL ERUPT AS CASH-COW EPF SEEKS HUGE LOAN

This news has not been reported by Utusan Meloya, Berita Harian, NST or Star. It means the gomen has given instructions to hush things up.
Only the Chinese Press has been playing this up. Messages were flying around that the EPF was borrowing RM12 billion.
The EPF has now clarified that they are not borrowing RM12 Billion. They are only borrowing RM1.2 Billion.  (Such a small amount). Here is EPF’s explanation why they are borrowing, which itself is strange.
 



 
The news had earlier been reported in the Chinese media.


 
Lets analyse a little.
EPF says they want to borrow RM1.28 billion to protect against forex risks.
This does not make sense. To protect against forex risks you can buy some currency hedging. You can “lock in” a certain exchange rate  for the currency of your requirement. But you cannot lock in the exchange rate forever. They usually run for a few months.
Some bank must provide this ‘lock in rate’ and they will charge an arm and a leg.  And there are major risks. This was how our Bank Negara lost all those billions of Ringgits. Still have not learnt any lessons?
If the EPF wants to refinance its assets in the UK, then they should be borrowing in UK Pounds. Not Ringgits. If you borrow Ringgits to refinance Pound Sterling it does not make good sense. This is what happened in the 90s economic crisis. Local corporates borrowed in US Dollar when their earnings were in Ringgit. A bad example : TNB.
Unless the EPF is borrowing in Pounds from DBS and Stanchart Banks.
 
So the cat is out of the bag – refinance means the EPF borrowed to acquire those assets.
 
Borrowed in Ringgit or in Pounds?
Oops.  Tapi kenapa nak rahsia sangat? Duit orang lah.
http://syedsoutsidethebox.~.my/

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Re: EPF
« Reply #48 on: November 01, 2016, 11:40:44 AM »



国內  2016年10月31日
提第二户头购屋 不能再提款缴医费

1.6K
提第二户头购屋 不能再提款缴医费
(示意图)

(吉隆坡31日讯)僱员公积金局首席执行员拿督沙里尔吁请会员,申领公积金第二户头支付一马人民房屋(PR1MA)房贷前要三思,因为一旦申领,会员就不被获准再从该账户申领作其他用途,如医药或教育等。

他指出,会员只能在退休后或房贷完全缴清为止才能够再从该帐户提款。「因此会员需要自行决定,什们决定对他们而言是正確的,必须三思而后行。」

他说,目前公积金局还在和银行以及PR1MA详谈关於缴付房贷的细节,包括设立缴付机制,並预计明年1月公佈详情。

沙里尔今天出席公积金局的活动后,在记者会上这么表示。


与此同时,他也披露,公积金局將在明年初让会员能够网上申领第二户头作为医药用途。

他说:「当你在医院进行治疗时,你可以利用网上申领账户资金缴付医药费,这有助於节省用户申请时间。」

他指出,公积金局已经和10家医院洽谈相关详情,並会在稍后公佈详细內容。

目前会员仅可网上申领使用第二户头缴付房贷以及教育费(偿还高等教育基金贷款),若要提出公积金缴付医药费,仍需到柜檯填写表格

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Re: EPF
« Reply #49 on: November 01, 2016, 08:10:47 PM »



2016-11-01 17:10
债务步步走高.EPF:家庭现金流困窘
雇员公积金局(EPF)旗下经济及资金市场部主管鲁希山胡先指出,过去10年来,大马储蓄率每况愈下,每年平均下跌5%,从储蓄中提出的资金多用在消费领域,而不是投放在较具生产性质的领域。

(图:123rf)
(吉隆坡1日讯)雇员公积金局(EPF)旗下经济及资金市场部主管鲁希山胡先指出,过去10年来,大马储蓄率每况愈下,每年平均下跌5%,从储蓄中提出的资金多用在消费领域,而不是投放在较具生产性质的领域。

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仅占国内生产总值1.5%

他认为,国内储蓄率偏低,仅占国内生产总值约1.5%,反观大马家庭债则高企在89%水平,显示国内家庭浮现现金流问题,已达到具挑战性的地步。

鲁希山胡先指出,目前大马应关注的一些问题,包括疲弱贸易成长、政府财务压力、国内液化天然气市场结构性改变、偏高家庭债及商业产品是否出现泡沬等。

他表示,虽然大马通膨率落在偏低的逾2%水平,不过,低收入群受到的冲击较为显著,单是食物类别的通膨率即超过5%。

鲁希山胡先是在马资金市场峰会主讲时作上述披露。

薪金成长率仅3.5%

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市场预期2016年的国内薪金成长率可达5%,不过,至今为止的资料显示,相信薪金成长率仅达到约3.5%,其中人力市场供应充裕是个中主因。

他指出,目前雇员公积金局拥有1400万名会员,惟仅有一半或是700万名为活耀会员,而该局也不清楚其余不活耀会员的收入及储蓄情况。

政府或须延后开销
今年财赤3.1%难达标

本区域著名经济学家P.K.巴苏指出,大马政府将2016年财政赤字定在3.1%水平是高度不切实际的做法,这意味着今年最后一季财赤必须低至1至1.5%才有望达标。

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P.K.巴苏指出,今年至今,大马财政赤字已经达到偏高水平,若要达到3.1%,最后一季的财赤必须降到1至1.5%,这是难以达到的目标。

石油收入跌5.6%

由于石油为主的收入下跌5.6%,使大马政府今年要达到财赤目标3.1%,实是不切实际做法。为了减少财赤,大马可能需要延后一些开销。以目前情况来看,大马今年财赤可能介于4.5至5%。

P.K.巴苏今日在第21届大马资金市场峰会上作上述谈话。

P.K.巴苏为驻新加坡独立经济研究及谘询公司-REAL-Economics.com的创办人兼首席经济学家。

他表示,全球市场前景仍不明确,包括中国市场存有产能过剩、美国即将举行的总统大选,若是共和党候选人特朗普中选,全球市场可能掀起保护主义政策的隐忧。惟特朗普落选,相信全球市场前景较好。

他指出,大马的经济优势,包括许多企业比同侪更趋向东盟区域化、大马与美国及中国的贸易关系良好等。

随着大马通膨率低至约2%水平,使国家银行可能会下调利率以推动经济。同时马币汇率走疲,将有助于大马出口,特别是电子电器、制造业及旅游业领域。

全球经济规模
中扩大美下跌

IHS-Markit高级董事兼亚太首席经济学家拉吉夫则指出。长期而言,亚太区经济及市场深具发展潜能,在2015年占全球经济的32%,预测至2045年则有望进一步增长至46%。

他表示,同期间,2015年的中国经济占全球经济规模的15%,至2045年时则进一步扩大至21%。至于印度则分别占3%及12%。而美国则从24%下跌至17%。

预期大马今明两年的经济成长率为4%,2018年则增长至5%。并预测国际布兰特原油将逐渐回扬,即在2016至2018年,原油平均价分别为45、52及57美元,预料这对大马经济有利。

文章来源:
星洲日报‧财经‧2016.11.01