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

School

INTI International University (IIU)

*We aren't endorsed by this school

Assignment Type

Individual Assignment

Subject

MGT6208E: STATISTICS AND DECISION ANALYSIS

Uploaded by Malaysia Assignment Help

Date

19/09/2022

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 30% Discount on This Assignment Answer Today!

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.

Answer

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now
Convincing Features
Plagiarism Free Report
On-Time Delivery
Native Writers
A+ Quality
100% Confidential
24*7 Online Assistance

Get these features included in Your Assignment

Get Assistance for Assignments, online Exam, and Projects Writing