Given the high returns, more are likely to save in EPF, says economist

Free Malaysia Today

Geoffrey Williams says the low risk factor will also encourage more people to put their money in the retirement fund.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/03/06/given-the-high-returns-more-are-likely-to-save-in-epf-says-economist/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/03/06/dividen-tinggi-mungkin-galak-lebih-ramai-menyimpan-dalam-kwsp-kata-pakar/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #EPF #Saving #Dividend

Transcript

00:00Higher dividends from employees' Provident Fund savings will encourage contributors to save more for retirement, according to economist Jeffrey Williams.

00:11However, he said only those with a good level of savings will benefit, leaving out millions with low balances.

00:17Williams said people prefer high-return, low-risk investments like EPF, especially since contributors cannot lose their savings.

00:25He added that higher savings lead to greater returns due to compounding, helping contributors reach their target savings faster while also allowing EPF to invest more diversely.

00:35On Saturday, EPF declared a 6.3% dividend for 2024 for both conventional and sharia accounts, with Chairman Zulkif Ali attributing it to a diversified investment strategy.

00:46Meanwhile, economist Raja Rassia suggested that Malaysians should increase their EPF contributions instead of opting for private retirement schemes as EPF offers higher dividends and greater security.

00:58He also suggested that the government further raise dividends given stricter withdrawal regulations and a broader investment portfolio.

Category

Transcript

Recommended