Account 3 withdrawals do not influence EPF investment strategy: CEO

Withdrawals from the Employees Provident Fund’s (EPF) Account 3 will not affect the retirement fund’s investment strategy, as they will be carried out in controlled amounts and within an organised framework, said its chief executive officer Ahmad Zulqarnain Onn.

He emphasised that the EPF has anticipated a withdrawal of up to RM25 billion from Account 3 in the first year, followed by an estimated RM5 billion in the subsequent year.

“The EPF's overall investment assets stand at