MGT6208E: STATISTICS AND DECISION ANALYSIS Assignment, IIU, Malaysia Rakyat Quality of Life” is the core of the New Economic Model for Malaysia, and as the Nation embarks on reaching the developed-country
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
Looking for affordable and reliable assignment writers for MGT6208E: Statistics and Decision Analysis at INTI International University (IIU)? Visit Assignment Helper My, a trusted website offering cheap assignment writing services. Our team of skilled writers ensures top-quality work, timely delivery, and plagiarism-free solutions. With our affordable pricing plans, you can avail yourself of expert assistance without breaking the bank.
Recent Solved Questions
- SBFS1103: Thinking Skills and Problem Solving Report, OUM, Malaysia You are required to write a report about your own personal problem and propose a solution to the problem
- Guidance and Counselling Essay, MSU, Malaysia Prepare an essay regarding behaviourist counselling as one of the prominent techniques in counselling
- Statistics and Decision Analysis Report, APU, Malaysia The current dataset is related to the basic items from grocery section of 4 different hypermarkets in Malaysia
- Advanced Strategic Management Case Study, ASB, Malaysia After many years that’s the Holy Grail that we’re finally starting to get traction on. We recognized in the 1990s that design
- English Essay, APU, Malaysia The occurrence of violence and abuse against children is on the rise. Discuss the causes and effects
- STA60704: Probability Theory Assignment, TU, Malaysia The ith claim amount is denoted by. Claim amounts can be 100, 200, or 400
- Organizational Behaviour Assignment, UiTM, Malaysia Organisational behaviour can be termed as the investigation of the behaviour of human beings in various settings of organisation
- Logistics and Transportation Assignment, MISI, Malaysia Identify the five modes of transportation and what are the advantages and disadvantages
- TTTK2933: Object Oriented Programming Assignment, UKM, Malaysia Write a class of each object including their object constructors and appropriate identified attributes and methods
- A manufacturer produces a rechargeable earphone at its plants located in Banting, Ipoh and Kulai. The unit transportation cost for shipments: Management Decision Science, Assignment, MMU, Malaysia