The proposal by Employees' Provident Fund (EPF) to limit the contributors' full withdrawal at retirement is utter rubbish.

The only thing that the EPF should limit is its own role. Rather than being our personal banker, the agency should confine itself to managing our money. Yet, it has blatantly failed in this role. In fact, I would rather keep my money in the bank than with the EPF.

No one can say for sure what our financial situation will be, by the time we hit 55. As much as some of us may be able to plan for our retirement, many others may not have the same luxury. The opportunity to access EPF funds upon retirement would mean a lot in the sense of paying off home or education loans, while giving them money in hand to invest.

The EPF is really testing the patience of millions of contributors. Its ideas are devised to keep our money longer, in order to finance its ever losing, politically-connected investments. So far, its misdemeanours have been tolerated, but the latest proposal crosses the line.

This latest idea is hardly in line with our new prime minister's motto - to better serve the public. What is the catch here? Is there a 'good politician-bad politician' tag team working as the election draws closer? Is this some way for our prime minister to popularise himself?