Wanita MCA backs move over EPF beneficiary proposal

The corporate exercise is the largest sukuk offering globally this year.

KUALA LUMPUR: Wanita MCA has backed a Bar Council’s proposal that the Employees’ Provident Fund (EPF) Regulations be amended to ensure the spouse and children of a deceased contributor would still benefit even if they were not named as beneficiaries.

There have been cases of EPF members who named other beneficiaries prior to their marriage, thus leaving their spouses and children in a lurch when they die, said Wanita MCA chief Datuk Heng Seai Kie.