EPF Account 3 – game changer or regression?

EPF's Nurhisham said Account 3 could potentially be introduced in the next two years.

PETALING JAYA: Having come under intense political pressure in recent years, the Employees Provident Fund (EPF) is changing its game plan by introducing Account 3 for all members to allow “unconditional” withdrawals.

Interestingly, the third account – which will offer a lower dividend rate – is announced as one of EPF’s new reform measures to avert a major retirement crisis in the future.