Members should only invest in or switch to any EPF-MIS fund that is active, i.e. any EPF-MIS fund that has not been suspended or terminated by EPF or withdrawn by the relevant authorised FMI.
Redemption proceeds will be channeled back to the Member’s EPF Account 1.
Force Redemption will only happen if Eastspring ceases to be an authorised FMI or the termination of an EPF-MIS fund or the expiry of the holding time limit of a money market fund as stated below.
Money Market Funds
Subscription of money market fund is not allowed. However, Members may switch from a non-money market fund to a money market fund and the time limit for holding the money market fund is only for a maximum period of six (6) consecutive months.
Instruction should be provided to Eastspring on whether to channel the investment back to the Member’s EPF Account 1 or to switch into any non-money market fund that is active before the expiry of the time limit. As the default option, the investment
will be liquidated, and the redemption proceeds will be channeled back to the Member’s EPF Account 1.
Switching between money market fund is prohibited.
Members must not artificially switch between money market funds and non-money market funds in order to circumvent the holding time limit of a money market fund as stated above.