EPF withdrawal: Govt will not adopt populist approach, says Rafizi

KUALA SELANGOR: The government will not adopt a populist approach by considering another round of withdrawals from Employees Provident Fund (EPF) members’ savings, said Economy Minister Rafizi Ramli (pix).

He said taking the money out of the EPF would drastically reduce its fund size and severely impact the fund manager’s ability and flexibility, hence limiting its investment option strategies and eventually impact the dividends paid to contributors.