I read this with great interest…now let’s start looking at some EPF approved funds!
Service charges for unit trust investment capped
Employees Provident Fund members can now enjoy better returns from their
investment in unit trusts with the lower service charges.MEMBERS of the Employees Provident Fund (EPF) will pay 50 per cent less in
service charges for their investment in unit trusts beginning January 1 next
year.In a statement oday, EPF said the service charges would be capped at three
per cent.“Members can enjoy better returns from their investment in unit trusts
with the lower service charges,” EPF chief executive officer Datuk Azlan Zainol
said.The service charges by local investment funds in Malaysia are relatively
higher when compared with other countries such as Singapore, the UK, Japan and
the US.EPF members now pay about five to six per cent in service charges. —
Bernama
