superfund

Solving a RM1.3 trillion pension liability problem

by

[ WHEN Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said in January that the government is scrapping the pension scheme for new civil servants as part of its pension reform plan, it was met with much resistance. For many civil servants, they do not mind the lower salaries as they are assured of a … Read more

A super remedy for GLICs

by

[ THE EPF’s recent dividend announcement reinforces the suggestion in last week’s Star Biz7 issue to outsource the financial management of government-linked investment companies (GLICs) to the provident fund, which has proven to be an excellent and trustworthy steward of private sector retirement savings. EPF’s track record speaks for itself, with an average payout of … Read more