Impact Of The High EPF Withdrawals And How It Hurts Our Future

Puteri Marjan Megat Muzafar, Research Associate, Khazanah Research Institute

25-Aug-22 09:30

Impact Of The High EPF Withdrawals And How It Hurts Our Future

Pause
Embed

EPF members' savings are at very low and worrying levels because over 145 billion ringgit had been withdrawn because of the four Covid withdrawal schemes. Half of the 13 million EPF members aged under 55, now have less than RM10,000 in savings as of June 2022 - which should trigger alarm bells. Sim Wie Boon speaks to Puteri Marjan Megat Muzafa of Khazanah Research Institute on how this impacts our elderly population, and how it affects you and me.

Produced by: Sim Wie Boon

Presented by: Sim Wie Boon

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: investments, young finance, financial wellness

Tags: isinar, ilestari, epf, retirement savings, epf withdrawals, kwsp, covid-19,

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tim Mulholland, President, TJM Limited, Chicago tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Sam Fazeli, Bloomberg Intelligence discusses the impact of US policy on the pharmaceutical industry.

7:45 AM

Morning Brief

Dr. Ismet Yusoff, Chief Executive Officer, Minority Shareholders Watch Group (MSWG) discusses the fiduciary duties of company directors.

8:00 AM

The Breakfast Grille

Dato’ Sri Azmar Talib, CEO of TRX City discusses plans for the 10th tower at Tun Razak Exchange and how it reinforces Malaysia’s status as a financial hub.

8:30 AM

Morning Brief

Dr Haezreena Begum Abdul Hamid, Criminologist and Deputy Dean, Faculty of Law, Universiti Malaya discusses Malaysia's anti-trafficking efforts and its progress.

8:45 AM

Morning Brief

Raymon Ram, President of Transparency International Malaysia on MACC's performance and challenges.

9:00 AM

Opening Bell

(REPEAT) Tim Mulholland, President, TJM Limited, Chicago tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) Sam Fazeli, Bloomberg Intelligence discusses the impact of US policy on the pharmaceutical industry.

9:35 AM

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Miranda Yeoh, Co-Founder, Paolo Paolo Gelato

11:00 AM

Mattsplained

12:00 PM

Enterprise Explores

Halim Hong & Quek's legal experts break down the SC's new Social Exchange guidelines, a regulated platform for funding social impact projects in Malaysia.

1:00 PM

The Breakfast Grille Repeat

Dato' Sri Azmar Talib, Chief Executive Officer, TRX City Sdn Bhd

2:05 PM

Discovery Hour

3:05 PM

Front Row

3:20 PM

Front Row

4:05 PM

Health & Living

Doctor in the House: Public hospitals are packed and private healthcare is increasingly expensive. Will Budget 2026 bring relief and will private hospitals play their role?

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

7:00 PM

Just For Kicks

8:00 PM

Bar None

9:00 PM

The Selector

PROGRAMMES