KUALA LUMPUR, March 29 — Bank Negara Malaysia (BNM) today suggested that necessary reforms were needed to ensure Malaysia’s retirement savings framework is future-ready. Its...
KUALA LUMPUR, March 29 — Bank Negara Malaysia today suggested that necessary reforms were needed to ensure Malaysia’s retirement savings framework is future-ready.
“A low number of EPF members meet the basic savings threshold. There is limited access to social protection for workers in the informal sector and there are gaps in old-age assistance and labour market frictions such as insufficiency of old-age assistance and lack of job opportunity for the old-age groups to re-enter the job market,” she said.
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