ENHANCEMENTS TO EPF’S i-INVEST ALLOW MEMBERS EASY ACCESS TO MORE FUND OPTIONS
• Members can now purchase funds from five FMIs in a single purchase transaction • Members also required to undergo investment suitability assessment
KUALA LUMPUR, 25 October 2021: Employees Provident Fund (EPF) members using the i-Invest self-service online investment facility can now purchase up to eight unit trust funds from a maximum of five Fund Management Institutions (FMIs) in a single purchase transaction. Previously, members could only purchase multiple unit trust funds from one FMI in a single transaction. This enhanced feature for i-Invest allows members better access and efficiency when investing through the facility.
While members are able to purchase their unit trust funds from more than one FMI, these transactions, however, can only be conducted through appointed Institutional Unit Trust Scheme Advisers (IUTAs) that offer funds from various FMIs. Members may still purchase funds from individual FMIs if they choose to do so.
Additionally, i-Invest users will now be required to perform an investment suitability assessment before conducting any transaction. The assessment will profile members’ risk tolerances, enabling them to make informed investment choices suited to their investment risk appetites.
The EPF’s i-Invest facility, launched in August 2019, is a digitally powered platform that provides greater flexibility, functionality, and convenience for members to invest, transact, and monitor their unit trust investments anytime and anywhere. Through the facility, members are able to compare different unit trust funds offered by FMIs, obtain a consolidated view of their investment holdings and information on cost of investment, historical fund performance, as well as required statutory information.
As a self-service facility that empowers members to take charge of their financial future, the EPF ensures governance guidelines within i-Invest are complied with stringently by participating bodies.
Issued by the EPF Media Desk Corporate Affairs Department 25 October 2021
About the Employees Provident Fund (EPF)
The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians