Outsourcing investments to external fund managers (EFM) has been a longstanding practice in EPF. According to the annual report, about a quarter of 2015's investment income was attributed to EFMs. We ask the question of whether this is worth it.

Also EPF will be making a radical change to another kind of investment outsourcing. Members' optional unit trust investments will be put online to reduce/eliminated sales-related fees that can come up to 5%. We also question the principles behind doing this.