It seems like, for Employees Provident Fund (EPF) contributors, there’ll be a discount for them if they decide to invest in unit trusts. They’ll be paying lower unit trust sales charges of not more than 3%. That’s a steal!
I reckon that this is a really good move if we want encourage people to invest their money. It gives people an incentive to invest in a high-yield asset rather than just leave their money in their EPF accounts earning a rather low rate of return.
Anyway, how about the rest of us mortals with no EPF accounts? Will we still be paying the same 6.5% for equity funds? Any unit trust consultants out there to answer this? 🙂
Also, does this mean less commission for the unit trust consultants? 🙂
Here’s the full news article at The Star. Thanks to Sebol for sharing the news.
