Since January 1st, new changes to Malaysia’s Employees Provident Fund (or EPF) have come into effect.  These include the Retirement Income Adequacy (or RIA) framework, new policies for high balance accounts, and expanded coverage for gig workers and homemakers through i Saraan Plus and i Suri. Dr Paul Anthony Maria Das, Senior Lecturer, School of Accounting and Finance Faculty of Business and Law, Taylor’s University tells us if the impact of these changes are cosmetic or if legislative changes are needed to reduce the retirement gap.

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