KUALA LUMPUR: The Employees Provident Fund (EPF) is evolving, shifting from a traditional focus on savings for retirement to a delicate balancing act between ensuring adequate retirement savings and supporting the economic survival of their members.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said this while discussing the much-talked-about Account 3, named Account Fleksibel by EPF, which comes into effect on May 11, 2024.
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