KUALA LUMPUR, Oct. 22 -- If you are given a pot of money, would you spend it all in one go or over just a few years, or would you make it last for the rest of your life?

Shifting away from lump-sum EPF withdrawals towards lifelong income

At the recent Employees Provident Fund (EPF) International Social Wellbeing Conference 2026 (ISWC 2026), global pension expert William Price said the idea of accessing retirement savings as a lump sum is deeply embedded in Malaysian society, partly because of expectations or plans to help one's children pay for their education, a house or a wedding, for example.

Price said, however, that viewing retirement savings as a "pot of assets" could almost blind people into thinking they have a lot of money, wh...