Wednesday, October 31, 2012

EPF lifts Public Mutual suspension (By The Star)

KUALA LUMPUR: The Employees Provident Fund (EPF) has lifted the suspension of Public Mutual Bhd’s services as an approved fund management institution.
The suspension was lifted yesterday.
In a statement, Public Mutual said this followed its explanation that the violation was made by a unit trust consultant (UTC) who did not adhere to the company’s stern reminders on EPF’s rules and regulations. “With the lifting of the suspension by the EPF, Public Mutual continues to be an approved fund management institution under the EPF members’ investment scheme,” it said.

For more see: http://biz.thestar.com.my/news/story.asp?file=/2012/10/31/business/12249444&sec=business


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