Retirement Fund (Kumpulan Wang Persaraan KWAP)
Commonly known as the Kumpulan Wang Persaraan (KWAP).
KWAP was established on March 1, 2007 replacing the repealed Pensions Trust Fund Act 1991 (Act 454). The Act was enacted to assist the Federal Government in funding its pension liability.
With the incorporation of KWAP, all powers, functions, activities, assets and liabilities of the Pensions Trust Fund were taken over in totality by KWAP.
The main objective of KWAP is to manage the Retirement Fund towards achieving optimum returns on its investment. The fund shall be applied towards assisting the Federal Government in financing its pension liability.
The KWAP official website features Contributions (Pension Contributions, Penalties, Compliance and Enforcement, FAQs and Registration), Investments (Equity, Fixed Income, Alternative Investment), Risk Management (Risk Governance & Management Framework, Business Continuity Management), Business Performance (Investment Performance, Methodologies, Financial Highlight).
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|Guide ID: 3023 - Last Updated: August 19, 2013