Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007

Asmah Laili Yeon; Mohammad Azam Hussain; Azlin Namili Ramli

Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007

Year 2016, Volume: 6 Issue: 7, 56 - 61, 01.10.2016

Asmah Laili Yeon Mohammad Azam Hussain Azlin Namili Ramli

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

Retirement Scheme, Investors’ Protection, Retirement Saving, Legal Framework

Year 2016, Volume: 6 Issue: 7, 56 - 61, 01.10.2016

Asmah Laili Yeon Mohammad Azam Hussain Azlin Namili Ramli

Abstract

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Details

Other ID	JA56SR36HF
Journal Section	Research Article
Authors	Asmah Laili Yeon This is me Mohammad Azam Hussain This is me Azlin Namili Ramli This is me
Publication Date	October 1, 2016
Published in Issue	Year 2016 Volume: 6 Issue: 7

Cite

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.
AMA	Yeon AL, Hussain MA, Ramli AN. Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. IJEFI. October 2016;6(7):56-61.
Chicago	Yeon, Asmah Laili, Mohammad Azam Hussain, and Azlin Namili Ramli. “Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007”. International Journal of Economics and Financial Issues 6, no. 7 (October 2016): 56-61.
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	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, 2016.
ISNAD	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 6/7 (October 2016), 56-61.
JAMA	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, 2016, pp. 56-61.
Vancouver	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.