EPF proven to be most successful retirement fund globally: CIMB (Updated)

KUALA LUMPUR: The Employees Provident Fund (EPF) has proven to be one of the most successful retirement funds globally, said CIMB Group.
Its group chief executive, Tengku Datuk Seri Zafrul Aziz said the commendable dividend rate is truly reflective of a well-diversified investment strategy.
EPF yesterday declared a dividend rate of 6.90% for conventional accounts for 2017, with a payout amounting to RM44.15 billion and 6.40% for Simpanan Syariah for 2017, with payout amounting to RM3.98 billion.
Zafrul said CIMB also strongly supports EPF's cause to make retirement a mainstream topic so that more youths could plan for it, whether through the EPF or Private Retirement Scheme, as soon as they start working. — Bernama