Living
Our
Values
Annual Report
2019

Facts At A Glance

  • Members
    14,587,811
    Members
    of whom 7,626,262 are actively contributing
    Employers Contributing to the EPF
    522,297
  • Dividend Rate
    Conventional Savings
    5.45 %
    Dividend Payout
    RM 41.68 BILLION
    Dividend Rate
    Shariah Savings
    5.00 %
    Dividend Payout
    RM 4.14 BILLION
  • Total Gross Income
    RM 49,756.59 Million
    Up 1%
    from RM49,436.69 million in 2018
    Total Assets
    RM 927,894.93 Million
    Up 11%
    from RM836,542.19 million in 2018
  • Annual Contribution Received From Employees and Employers
    RM 75,928.08 Million
    Total Withdrawals
    RM 44,803.40 Million

Message from Chairman
and Chief Executive Officer

  • The EPF is fortunate to have envisioned the necessity for all organisations to evolve and future-proof their strategies. We have drawn from almost seven decades of experience to help us plan for the future, knowing from past financial crises and recessions, that in every season of adversity, the winners have been those who were both prepared and agile. This has led us to ensure that we are at all times in a constant state of preparedness and to take a diligent approach in managing risks and crises.
    TAN SRI SAMSUDIN OSMAN
    Chairman
    February 2007 - April 2020
  • It is truly an honour for me to be able to pen my thoughts for this year’s Annual Report as the new Chairman of the EPF, an organisation with a proud past and an exciting future. First and foremost, I want to extend my appreciation and acknowledge the good work and incredible achievements of our outgoing Chairman, Tan Sri Samsudin Osman, who has left behind big shoes to fill.
    TAN SRI AHMAD BADRI MOHD ZAHIR
    Chairman
    Beginning 1 May 2020
  • As we left 2019 and entered 2020, the world was thrown into upheaval yet again, with the onslaught of the COVID-19 pandemic and the race for its elusive vaccine ushering us into the new decade. We ended 2019 cautiously, welcoming a new world that is truly VUCA, full of adversities and yet bountiful with opportunities.
    ALIZAKRI ALIAS
    Chief Executive Officer
  • The EPF is fortunate to have envisioned the necessity for all organisations to evolve and future-proof their strategies. We have drawn from almost seven decades of experience to help us plan for the future, knowing from past financial crises and recessions, that in every season of adversity, the winners have been those who were both prepared and agile. This has led us to ensure that we are at all times in a constant state of preparedness and to take a diligent approach in managing risks and crises.
    TAN SRI SAMSUDIN OSMAN
    Chairman
    February 2007 - April 2020
  • It is truly an honour for me to be able to pen my thoughts for this year’s Annual Report as the new Chairman of the EPF, an organisation with a proud past and an exciting future. First and foremost, I want to extend my appreciation and acknowledge the good work and incredible achievements of our outgoing Chairman, Tan Sri Samsudin Osman, who has left behind big shoes to fill.
    TAN SRI AHMAD BADRI MOHD ZAHIR
    Chairman
    Beginning 1 May 2020
  • As we left 2019 and entered 2020, the world was thrown into upheaval yet again, with the onslaught of the COVID-19 pandemic and the race for its elusive vaccine ushering us into the new decade. We ended 2019 cautiously, welcoming a new world that is truly VUCA, full of adversities and yet bountiful with opportunities.
    ALIZAKRI ALIAS
    Chief Executive Officer

Our Governance

We believe that a sound corporate governance framework, supported by strong leadership and good management practices, contribute towards enhanced integrity, accountability, and transparency. In this regard, we continue to focus our efforts in raising awareness and adopting of sound corporate governance. As Malaysia’s largest retirement fund with investment assets totaling RM924.75 billion, we strive to be at the forefront in championing sustainable investments by incorporating Environmental, Social, and Governance (ESG) principles in our investment considerations.

Our Division Reviews

  • STRATEGIC ASSET ALLOCATION (SAA)
    The last review on our SAA was made in 2016, effective for 2016 to 2019, with an allocation of 51% of EPF’s investment assets in Fixed Income Instruments, 36% in Equities, 10% in Real Estate and Infrastructure, and 3% in Money Market Instruments.

    In 2019, the SAA review was conducted for the period effective 2020 to 2022. The revised framework will continue to ensure that the objectives of preserving and enhancing members’ savings are met, in line with the EPF’s vision to help members achieve a better future.
    Strategic Asset Allocation (SAA) by Broad Asset Classes
    51%
    36%
    10%
    3%
    Fixed Income Instruments
    Equities
    Real Estate and Infrastructure
    Money Market Instruments
  • OPERATION STATISTICS
    2019
    Members and Employers Registration
    526,766
    New Members
    72,218
    New Employers
    Contributions Collection
    RM75.93
    billion
    Total Contributions Received
    Withdrawals
    2.39
    million
    Number of Applications
    RM45.40
    billion
    Approved
    Nominations
    430,067
    New Nominations
    As the EPF grows into an organisation that accounts for over 14.60 million members and well over half a million employers, in an age that demands immediacy and technological convenience, it is critical that it continues to deliver its products and services efficiently to meet the rising demands and high expectations. The need for us to evolve and equip ourselves with digital capacity is no longer an option, but a business imperative.
    • INTERNATIONAL SOCIAL WELL-BEING CONFERENCE 2019 (ISWC 2019)
      The EPF convened our eighth international conference in November 2019. This was renamed the International Social Well-being Conference (ISWC) from the previous International Social Security Conference, to better reflect the wide scope of issues that are rapidly changing the world and which requires urgent attention.
    • NURTURING CRITICAL THOUGHT ON WELL-BEING POLICIES
      We also ensured that critical thinking was included as a key competency into our learning programmes, in alignment with the EPF’s efforts to evolve for the future while remaining relevant. This was incorporated into our annual KFAIR 2019 in October, themed ‘Brave New World: Staying True to Our Core’, which aimed at providing all EPF staff with the necessary skills and knowledge to endure an ever-changing world.

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