The Employees Provident Fund has proven to be one of the most successful retirement funds globally, said CIMB Group.

Its group chief executive Zafrul Aziz said the commendable dividend rate is truly reflective of a well-diversified investment strategy.

EPF yesterday declared a dividend rate of 6.90 percent for conventional accounts for 2017, with a payout amounting to RM44.15 billion, and 6.40 per cent for Simpanan Shariah for 2017, with payout amounting to RM3.98 billion.

Zafrul said CIMB also strongly supports EPF’s cause to make retirement a mainstream topic so that more youths could plan for it, whether through the EPF or private retirement schemes, as soon as they start working.

- Bernama