KUALA LUMPUR: The ability for Employees Provident Fund (EPF) contributors to withdraw funds from Account 3, especially upon retirement, presents both opportunities and challenges.

While the new account, officially called 'Akaun Fleksibel' aims to assist members in establishing an emergency fund for their future, the risks far outweigh the benefits, especially when they are allowed to withdraw their savings at any time according to their needs, experts warned.