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Analysing the Relationship between Financial Related Factors and the Adoption of Private Retirement Scheme

Year: 2025

Type: article

Abstract: Retirement planning is important to ensure sustainable living for individuals upon retirement. Unlike government pensioners, who are eligible for a pension upon retirement, private sector employees and self-employed individuals rely solely on their limited savings in the Employees Provident Fund. A private retirement scheme has been introduced by the government to help Malaysians build their retirement funds. Hence, this research presents a conceptual framework on the relationship between financial-related factors (financial literacy, financial risk tolerance, financial attitude, financial well-being, and financial behaviour) and the adoption of the Private Retirement Scheme in Malaysia. Research hypotheses are developed based on the proposed structural relationship.

Source: Environment-Behaviour Proceedings Journal

DOI: 10.21834/e-bpj.v10isi28.6956

Authors: Muhammad Ridzuan Abdul Aziz, Abidah Saad, Nik Mohd Hazrul Nik Hashim, Nusrah Samat, Salwaty Jamaludin

Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA, National University of Malaysia, Open University Malaysia

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4411265794

FWCI:

Cites: 19

Cited by:

Related to: 10