EN
Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
Abstract
The Government of Malaysia established the 1 Malaysia Pension Scheme (SP1M) in 2010 and recognizes the importance of savings from an early age to ensure sufficient savings after retirement. After five years been introduced to the public, it is significance to evaluate the perception of PRS providers in relation to the existing legal framework of the scheme. The objective of the paper is to examine the perception of PRS providers on the legal framework of the private retirement scheme. This is a qualitative research and interviews were conducted amongst providers of PRS. In analysing the data, thematic data analysis was employed to deduce findings from the respondents’ views. The finding shows that majority of respondents agreed the legal framework of PRS is adequate to protect investors and providers. However, there are a few suggestions to improve the legal frameawork and governance of PRS i.e. internal guidelines, provider’s fee and etc.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
October 1, 2016
Submission Date
October 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 7
APA
Yeon, A. L., Hussain, M. A., & Ramli, A. N. (2016). Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. International Journal of Economics and Financial Issues, 6(7), 56-61. https://izlik.org/JA95GN22GP
AMA
1.Yeon AL, Hussain MA, Ramli AN. Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. IJEFI. 2016;6(7):56-61. https://izlik.org/JA95GN22GP
Chicago
Yeon, Asmah Laili, Mohammad Azam Hussain, and Azlin Namili Ramli. 2016. “Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007”. International Journal of Economics and Financial Issues 6 (7): 56-61. https://izlik.org/JA95GN22GP.
EndNote
Yeon AL, Hussain MA, Ramli AN (October 1, 2016) Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. International Journal of Economics and Financial Issues 6 7 56–61.
IEEE
[1]A. L. Yeon, M. A. Hussain, and A. N. Ramli, “Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007”, IJEFI, vol. 6, no. 7, pp. 56–61, Oct. 2016, [Online]. Available: https://izlik.org/JA95GN22GP
ISNAD
Yeon, Asmah Laili - Hussain, Mohammad Azam - Ramli, Azlin Namili. “Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007”. International Journal of Economics and Financial Issues 6/7 (October 1, 2016): 56-61. https://izlik.org/JA95GN22GP.
JAMA
1.Yeon AL, Hussain MA, Ramli AN. Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. IJEFI. 2016;6:56–61.
MLA
Yeon, Asmah Laili, et al. “Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007”. International Journal of Economics and Financial Issues, vol. 6, no. 7, Oct. 2016, pp. 56-61, https://izlik.org/JA95GN22GP.
Vancouver
1.Asmah Laili Yeon, Mohammad Azam Hussain, Azlin Namili Ramli. Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. IJEFI [Internet]. 2016 Oct. 1;6(7):56-61. Available from: https://izlik.org/JA95GN22GP