SHAH ALAM, Feb. 28 -- The Employees Provident Fund (EPF) is planning to launch a new scheme called i-Legasi, which will allow users to transfer some of theirEPF savings to their children under certain conditions.

EPF CEO Ahmad Zulqarnain Onn said i-Legasi will allow EPF members to make "inter-generational transfers" of their savings to their children.

He did not specify a launch date, saying only that the scheme would be introduced "soon".

Zulqarnain said the i-Legasi option will be available to members who are already eligible to withdraw from their EPF savings.

"If you are already able to withdraw the EPF and you are above Adequate Savings, then you can then transfer to your children," he said at a media briefing at Menara KWSP here...