Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This question is about risk management planning issues for in individuals in MALAYSIA Q1. Long life creates several risk management planning issues for individuals. Retirement
This question is about risk management planning issues for in individuals in MALAYSIA
Q1. Long life creates several risk management planning issues for individuals. Retirement programs vary in their methods of paying benefits, in the choices they offer participants regarding benefit payout and in the way, they communicate about payouts during retirement. These issues are particularly important as we focus on the periods later in life. Conduct research on how individuals invest their funds before and during retirement and the impact of economic change on that investment. Look at issues regarding long life and managing risk by individuals. Focus on how the structuring of payouts interacts with issues related to long life. Include discussion of cash benefits and health-related benefits. Your study should also cover the following areas: Types of retirement plans - Approved and Non-Approved schemes - Deferred compensation schemes Investment for Retirement The Employee Provident Fund (EPF) - Features of the Scheme - Benefits under the Scheme The Private Retirement Scheme Retirement Income Streams Types of annuities - Annuity rates - Income considerations [Total: 30 marks]Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started