EPF plans to restructure accounts, boost retirement savings

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EPF plans to restructure accounts, boost retirement savings
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PETALING JAYA: The Employees Provident Fund (EPF) plans to restructure its savings accounts as part of a move to boost members’ savings.

EPF said it had to respond to Malaysia’s ageing population by helping members meet financial needs while safeguarding their retirement savings.“EPF will also introduce a flexible account, which can be accessed by members at any time, especially in times of emergency,” it said in a statement today.

EPF CEO Amir Hamzah Azizan said this initiative has the potential to empower people to grow their retirement savings, while fostering financial well-being within their families. SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more “As a retirement fund, EPF supports and will work with the government in realising the aspirations of Malaysia Madani to ensure the post-retirement life among Malaysians is secure,” Amir said.

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