More than 50% of EPF members have yet to nominate their beneficiaries which could result in a lot of heartache for the family if the unforeseen occurs.
WHEN engineer Farid* died in an accident at the age of 31, it was a shock to everyone, especially his wife Ani*. She had given birth to their first child only a few months earlier and they had just bought a house. Suddenly, Ani found herself saddled with extra financial responsibilities. What kept panic at bay was the thought of her late husband's EPF (Employees Provident Fund) savings to help her cope with their bills and loans.