Last updated : 3/13/19 12:49 PM     

EPF Tables Annual Report 2015

Diversification strategy helps cushion impact from economic challenges


KUALA LUMPUR, 3 May 2016: The Employees Provident Fund (EPF) today releases its Annual Report 2015, themed “Empowering Our Retirement”. The EPF reported a rise of 4.91 per cent in annual contributions to RM59.98 billion against total annual amount withdrawn of RM44.25 billion, resulting in net inflows of RM15.73 billion.


The Annual Report, which was tabled in Parliament at both the Dewan Rakyat and Dewan Negara on 5 April 2016 and 28 April 2016 respectively, revealed a 7.54 per cent increase in total investment assets to RM684.53 billion from RM636.53 billion in 2014. The EPF ended the year with RM44.23 billion in total gross investment income with a gross return on investment (ROI) of 7.48 per cent, which was 23 basis points higher compared with 7.25 per cent in 2014.


EPF Chief Executive Officer Datuk Shahril Ridza Ridzuan said, “Our performance in 2015 was very much affected by global economic and market challenges but we were able to cushion its impact due to our long term and well diversified investment programme.


“Our foreign investments, which makes up 25 per cent of total assets but contributed 48 per cent of the total RM44.23 billion gross investment income, allowed us to realise gains and capitalise on our returns from other markets when the domestic market performed lower than expected.  Our strong global market positions also gave us the leverage to complete several strategic and sizeable ventures such as when we entered into a partnership to develop a logistics hub with the Goodman Group of Australia.”


One of the achievements for the EPF in 2015 was the 6.40 per cent dividend declared despite the difficult and volatile market conditions. The total dividend credited into members’ accounts was RM38.24 billion and the payout amount required for every one per cent dividend rate for the year was RM5.98 billion, which was a 10.13 per cent higher compared with RM5.43 billion in 2014.


As at 31 December 2015, the total number of members increased to 14,550,355 out of which 6,794,604 were active members. Total number of employers contributing to the EPF increased to 536,489. The total number of withdrawal applications increased 20.8 per cent to 1.95 million, which amounted to RM44.01 billion through various withdrawal schemes. 


To cater to the increased demand for efficiency by members, the EPF continues to undertake significant operational refinements to its internal processes and customer delivery.  The Annual Report disclosed that out of the total 46.47 million transactions made by members through EPF’s various channels, 12.65 million were made via i-Akaun.  This online facility, which has now become the gateway for EPF’s other online facilities, namely e-Pengeluaran and e-Caruman, provides members the convenience of checking their EPF statements and updating profiles online.


As at 31 December 2015, a total of 28,151 members utilised the e-Pengeluaran facility to submit withdrawal applications online, which had also resulted in the participation of five banks.  The e-Caruman facility, which enables employers to send their employees’ contribution details and make payments online, saw a total of 331,759, or 75 per cent of employers utilising the facility every month.


Commenting on the theme “Empowering Our Retirement”, Datuk Shahril said, “The EPF’s strength and reputation is founded on the principle of providing members with sufficient income to enable a comfortable retirement. We are leading efforts to help address issues relating to inadequacy of retirement income. One notable effort was the introduction of the four major enhancements to the current EPF scheme.”


The enhancements to the EPF scheme followed the Members’ Consultation exercise conducted in April 2015, where at the closing, a total of 96,448 members responded, making it the biggest public consultation ever held in the country. The proposals for the enhancements were escalated to the Parliament for deliberation in November 2015 and were passed with support from both sides of the Dewan Rakyat and Dewan Negara.


In line with EPF’s commitment to empower members’ to plan their own retirement, five more Retirement Advisory Service (RAS) facilities were established at branches in Johor Bahru, Kuantan, Ipoh, Kota Kinabalu and Seberang Jaya, bringing to a total of seven from the first two units in the Kuala Lumpur and Petaling Jaya branches established in 2014. There are plans to expand this service to 11 more branches throughout the country in 2016.


In 2015, the EPF had also embarked on a financial literacy campaign to encourage members to acquire basic money management skills essential to their future retirement well-being. “With greater understanding of financial and money management, we are of the view that EPF members would be further empowered to make the right investment and savings decisions,” expressed Datuk Shahril.


The EPF 2015 Annual Report was launched by Datuk Shahril at a media briefing today, where Dato’ Mohd Naim Daruwish, Deputy Chief Executive (Operations), presented on the EPF’s operational performance followed by Dato’ Mohamad Nasir Ab Latif, Deputy Chief Executive Officer (Investment), on key investment achievements.  Also present was Tunku Alizakri Raja Muhammad Alias, Deputy Chief Executive Officer (Strategy), along with EPF heads of departments and other key officials.


Members can read the full version of the Annual Report 2015 and download it from myEPF website at


About the Employees Provident Fund (EPF)

The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund to help its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and the mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.