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usually takes two to four weeks for processing before the EPF
releases the funds. A fund management institution employs fund
manager’s representatives who are qualified to advise
you as to all details of the EPF withdrawal scheme. They are
also allowed to execute orders and invest on your behalf.
You should sit down with one of these representatives and
disclose your investment resources and objectives before giving
them authority to invest. By law, the FMI must prepare an
investment mandate. This is a legal document detailing your
agreement with the FMI.
Keep
in mind that EPF funds are sacred funds and not funds for
squandering in high-risk ventures. Sacred funds mean funds
to provide for your retirement needs. Follow the pyramid allocation
method as described in Lesson
4 when you invest your EPF funds available for equity
investments.
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