The Employees Provident Fund (EPF) will continue to adopt a "conservative" investment policy, the Dewan Rakyat was told today.

Deputy Finance Minister Chan Kong Choy said the government would not review the policy, although the pension fund last year declared its lowest-ever dividend rate in 40 years.

The reduced returns had led to nationwide pickets by the Malaysian Trades Union Congress, as well as earned EPF a sharp rebuke from DAP. The EPF is a mandatory saving funds for private sector workers in Malaysia.