The Employees’ Provident Fund in Sri Lanka: A Comparative Assessment of the Adequacy of Information Disclosure

Abstract

This research brief examines transparency gaps in the management of Sri Lanka’s Employees’ Provident Fund (EPF), the country’s largest financial institution, and the main retirement savings vehicle for formal private-sector workers. Despite holding assets equivalent to roughly 15% of GDP, the EPF discloses less information, less frequently, and with less detail than many smaller financial institutions. The brief compares EPF reporting practices against domestic and international benchmarks, identifies five key disclosure failures, and sets out reforms to strengthen accountability, protect members’ interests, and align the fund with global pension transparency standards.