Only Parliament can change terms of use for public trust fund

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From Hafiz HassanKWSP is a well-known acronym for Kumpulan Wang Simpanan Pekerja. The name says it all. It is employees’ savings.But KWAN is little known.No, it’s not a surname. It is an acronym for Kumpulan Wang Amanah Negara (National Trust Fund). It is a trust fund.What is a trust fund?It is simply a fund held on trust. A trust is a legal arrangement wherein one party (who is called a settlor) gives control of property or assets (which is called the trust property) to another party (who is called a trustee) to be administered on behalf of a third party (who is called the beneficiary).A trust is like your money box for the family. You create rules on deposits into and withdrawals from it, and to whom shall the withdrawals be distributed and for what purposes. Settlors, trustees and beneficiaries can be individuals, groups of individuals, institutions, or governments. A trust …