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

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...

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Main Authors: Yeon, Asmah Laili, Hussain, Mohammad Azam, Mohd Ali @ Ramli, Azlin Namili
Format: Article
Language:English
Published: EconJournals 2016
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Online Access:http://repo.uum.edu.my/21720/1/IJEFI%20%206%20S7%202016%2056-61.pdf
http://repo.uum.edu.my/21720/
http://www.econjournals.com/index.php/ijefi/article/view/3578
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spelling my.uum.repo.217202017-05-09T02:02:57Z http://repo.uum.edu.my/21720/ Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007 Yeon, Asmah Laili Hussain, Mohammad Azam Mohd Ali @ Ramli, Azlin Namili HD Industries. Land use. Labor K Law (General) 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. EconJournals 2016 Article PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/21720/1/IJEFI%20%206%20S7%202016%2056-61.pdf Yeon, Asmah Laili and Hussain, Mohammad Azam and Mohd Ali @ Ramli, Azlin Namili (2016) Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007. International Journal of Economics and Financial Issues, 6 (S7). pp. 56-61. ISSN 2146-4138 http://www.econjournals.com/index.php/ijefi/article/view/3578
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD Industries. Land use. Labor
K Law (General)
spellingShingle HD Industries. Land use. Labor
K Law (General)
Yeon, Asmah Laili
Hussain, Mohammad Azam
Mohd Ali @ Ramli, Azlin Namili
Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
description 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.
format Article
author Yeon, Asmah Laili
Hussain, Mohammad Azam
Mohd Ali @ Ramli, Azlin Namili
author_facet Yeon, Asmah Laili
Hussain, Mohammad Azam
Mohd Ali @ Ramli, Azlin Namili
author_sort Yeon, Asmah Laili
title Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
title_short Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
title_full Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
title_fullStr Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
title_full_unstemmed Framework of Malaysian Private Retirement Scheme under Capital Markets and Services Act 2007
title_sort framework of malaysian private retirement scheme under capital markets and services act 2007
publisher EconJournals
publishDate 2016
url http://repo.uum.edu.my/21720/1/IJEFI%20%206%20S7%202016%2056-61.pdf
http://repo.uum.edu.my/21720/
http://www.econjournals.com/index.php/ijefi/article/view/3578
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score 13.211869