MGT6208E: Rakyat Quality of Life” is the core of the New Economic Model for Malaysia, and as the Nation embarks on reaching the developed-country: STATISTICS AND DECISION ANALYSIS Assignment, IIU, Malaysia
University | INTI International University (IIU) |
Subject | MGT6208E: STATISTICS AND DECISION ANALYSIS |
Assignment Case
“Rakyat Quality of Life” is the core of the New Economic Model for Malaysia, and as the Nation embarks on reaching the developed-country status by 2020, the standards of living shall be enhanced accordingly. Improvement in the quality of healthcare and other social services over past decades significantly increased the average expected life of Malaysian citizens.
It is expected that by 2020, more than 9.9 percent of Malaysians become older than 60 years. This upward trend suggests that wellbeing of aging population of Malaysia requires immediate attention. Moreover, Employees Provident Fund (EPF) annual reports suggest that more than 90 percent of individuals at the age of retirement own less than RM100’000 in their EPF accounts, which is not sufficient for covering post-retirement living expenses. Therefore, the accumulation of private wealth becomes crucial.
Saving pattern is affected by extent of financial capabilities of individuals and also varies across various demographic groups such as gender, ethnicity, education, work orientation, and income group.
This research aims to address this issue by assessing the financial literacy of Malaysian adults and identifying the wealth accumulation behaviour of households as a prerequisite for their retirement planning decision making by developing a framework based on financial capabilities, availability, accessibility, and affordability of private retirement plans and individual’s awareness of these requirements.
Findings of this research should enable policymakers to incentivize private retirement planning in conjunction with EPF and other State-sponsored support mechanisms. Findings will also help the industry to develop retirement packages favoured by wider range of individuals or develop customized products for clienteles.
The aim of this project is to provide a strategic action plan
Action plan (1500 words) Suggestion and recommendations to address;
a) Policymakers
b) Government agency
c) Insurance and Investment companies
Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.
Get Help By Expert
Get assignment helper online service to get done your difficult MGT6208E: STATISTICS AND DECISION ANALYSIS assignment at Malaysia Assignment Help. our skilled writers always understand your need and prepare quality solutions for statistics assignments as per university guidelines. you can also take OUM assignment helper service at a low price.
Recent Solved Questions
- BKAN1013: The unadjusted trial balance of GIGAMA Enterprise as of 31 December 2022 is as follows: Basic Accounting Assignment, UUM, Malaysia
- PAF3043: Golden Phoenix Bhd is a manufacturing company engaged in food and beverages industries: Financial accounting Assignment, UPSI, Malaysia
- ACW2120 : Discuss on the company background, principal activities and strategies taken by the company to mitigate the impact of COVID-19 pandemic on their business operations: Financial accounting 2 Assignment, MUM, Malaysia
- SFUF0393: Discuss the basic psychology of human behavior. Apply the appropriate reasoning processes in arriving at conclusions: Fundamental in Psychology Essay, UIU, Malaysia
- You are required to implement the “Project Management Knowledge Areas” in designing a project of your choice: Project Management Assignment, CU,Malaysia
- Mr. Arif received his monthly bank statement for the month ended 31 March 2022 on 15 April 2022: Accounting Assignment, UTM, Malaysia
- It is 25 July 2022; you observe two treasury bills? What are the appropriate discount factors for 2 months and 8 months: Finance Assignment, NUN, Malaysia
- Mr. Raman, a 54-year-old man was brought to the emergency department with unconscious level and increased respiratory rate: Biochemistry Assignment, UTHM, Malaysia
- You are provided with ONE peer-reviewed article related to PAR as follows Working Towards the Promise of Participatory Action Research: Healthy Aging Assignment, UCSI, Malaysia
- TBE 101/03: The Penang State Government announced the new Penang South Islands (PSI) development: Building Materials Report, WOU, Malaysia