PETALING JAYA: There have been mixed reactions from the experts on the Employees Provident Fund’s (EPF) move to encourage its members to invest a portion of their retirement savings into unit trusts via a simplified and cheaper online platform.
While some have welcomed the move as a catalyst for members to diversify their retirement fund investments, critics said it would increase the risk borne by the members as compared to the capital-guaranteed EPF savings, considering the volatile equity market currently.
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