Instead of a lump sum EPF withdrawal, how an automatic annuity with opt-out option could work for Malaysians
Photo: Malay Mail
KUALA LUMPUR, Oct 22 — Licensed financial planner Rajen Devadason said an insurance annuity scheme like Singapore’s CPF LIFE could also work in Malaysia.He explained that if...
From the original report
He explained that if the government gives a long runway, and make it politically more palatable by giving people a chance to opt out, a similar scheme may be acceptable.
He was speaking to Malay Mail at the sidelines of the recent Employees Provident Fund’s (EPF) International Social Wellbeing Conference 2026 (ISWC 2026).
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Malay Mail
Malay Mail
Read the full translated article in Japanese →
Related stories
-
HRD Corp rolls out massive procedural overhaul Business1h ago
-
How Malaysians can have enough money after retiring: Moving away from choosing EPF ‘lump sum’ payouts Business10/22 07:00
-
Mercedes-AMG One Service Hub, Hap Seng Star Bukit Tinggi – SE Asia service centre for F1-derived hypercar Business10/21 22:46
-
Beyond cost-of-living aid: Malaysia must build a stronger, more secure middle class Business10/21 21:50
About this story
- Source
- Malay Mail
- Originally published
- Oct 21, 2026
- Updated here
- Oct 22, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
- Corrections
- Corrections log · Report an error