Is KWAP bill meant to increase transparency or secrecy? Proposed amendments to RM112 bil pension fund also include "obligation to secrecy", with RM100,000 fines or jail for leaking information.
KWAP bill: Improving transparency or secrecy?
The controversial amendments to the Retirement Fund Act, apart from removing Bank Negara from KWAP’s investment panel, also contains a clause of secrecy. Will these changes compromise transparency in the RM112 billion pension fund?
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