Low EPF Transparency Endangers Sri Lanka Private Sector Savings: Verite Research

Low EPF transparency endangers Sri Lanka private sector savings: Verite Research

ECONOMYNEXT – Sri Lanka’s largest superannuation fund, the Employees’ Provident Fund (EPF), has lower disclosure standards than listed firms, commercial banks, and unit trusts, a Colombo-based think tank said. The EPF “discloses less information, in less detail, less often, and with less timeliness than these other entities, which also hold pools of public savings” Verite Research said in a statement. “This suggests that the Central Bank of Sri …

EPF lags behind listed companies and banks on transparency: Verité Research

The Employees’ Provident Fund (EPF), despite being Sri Lanka’s largest financial institution, has lower transparency and disclosure standards compared to other entities that manage funds on behalf of third parties, such as companies listed on the Colombo Stock Exchange, licensed commercial banks, and unit trusts.