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ENRICHING tHE FUtURE ENRICHING NATIONAL PROGRESS ENRICHING StAKEHoLDER VALUE ENRICHING SUStAINABLE IMPACt

ABOut KWAP

VISION

To be the trusted retirement fund that supports nation building by innovatively delivering
sustainable benefits

MISSION

To optimise investment returns and deliver excellent services by adopting best practices in
meeting the key stakeholders’ commitments

VALuES MANAGING CONtRIButIONS

LEADERSHIP The Federal Government contributes 5%
An ability to lead oneself and lead others in order to of the total annual budgeted emolument
continuously improve of Federal government employees whilst
EXCELLENCE & ACHIEVEMENt Statutory Bodies, Local Authorities and
Achievement that is attained through excellence Agencies contribute 17.5% of the basic
salaries of their pensionable employees to
tEAMWORK KWAP on a monthly basis.
Working together to provide efficient and effective outcomes
for each stakeholder SEttING INVEStMENt POLICY AND
StAKEHOLDER ORIENtAtION GuIDELINES
A focus on all our stakeholders such as the government and The Investment Panel is responsible for
retirees
setting and reviewing periodically KWAP’s
ACCOuNtABILItY Investment Policy and guidelines and
Taking responsibility for our actions subsequently makes recommendations
CONtINuOuS LEARNING & INNOVAtION to the Board for approval. The Investment
To be innovative and constantly learn from our challenges Policy and guidelines is a document that
and our achievements governs KWAP’s investment activities.
INtEGRItY INVEStMENt MANAGEMENt AND
An expected internal trait of strong morals and principles MONItORING

The Fund is invested in asset classes in
EStABLISHMENt accordance with KWAP’s Strategic Asset
Allocation. The investment activities of
Under the Retirement Fund Act 2007 (Act 662), replacing the Pensions the Fund are carried out by a team of
Trust Fund Act 1991 (Act 454), KWAP was incorporated on 1 March 2007.
competent and experienced investment
professionals.
FuNCtIONS
The status and performance of KWAP’s
• Administration, management and investment of the Fund in equity, investments are reported monthly to the
fixed income securities, money market instruments and other forms of Investment Panel and the Board. The
investment as permitted under the Retirement Fund Act 2007 (Act 662) performance analysis includes relative
• Management of contributions from the Federal Administration, performance against benchmark indices
Statutory Bodies, Local Authorities and other agencies as well as absolute target returns for each
• Management and payment of pension of the asset classes.

16 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023