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Retirement Fund – KWAP

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) or the Retirement Fund (Incorporated) was established on 1 March 2007 under the Retirement Fund Act 2007 (Act 662) replacing the repealed Pensions Trust Fund Act 1991 (Act 454). The Pensions Trust Fund Act 1991 (Act 454) was enacted to assist the Federal Government in funding its pension liability. With the enactment of this Act, the Pensions Trust Fund was established on 1 June 1991 with a launching grant of RM500 million from the Federal Government. The Pensions Trust Fund was administered by the Pensions Trust Fund Council with the Accountant-General of Malaysia being responsible for the day-to-day administration and management of the affairs of the Pensions Trust Fund.

Country

Malaysia

AUM ($B)

$33

Chief Executive

Nik Amlizan Mohamed

Chief Investment Officer

 Hazman Hilmi Sallahuddin

Chair

Dato’ Asri bin Hamidon @ Hamidin

Asset allocation

45% Equities

40% Fixed Income

15% Alternative Investments

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