Retirement savings investment decisions: evidence from Malaysia

N. Jamaludin, Paul Gerrans

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

© 2015 Taylor & Francis. This paper investigates individual retirement savings investment choices of members of Malaysia's Employees Provident Fund (EPF). The focus is on the option available to EPF members to invest part of their savings in approved unit trusts. A survey of EPF members allows a contrast with existing empirical evidence, largely drawn from developed countries. Three significant factors are identified: perceived importance of financial advisor; financial risk tolerance and perceived plan design. Gender and marital status were also significant predictors of investing in the unit trusts, though religion and religious commitment were not significant. Several implications emerge from these findings. First, results highlight the important role of unit trust consultants in individuals’ choices which in turn highlights the important role of the governing body of consultants in ensuring appropriate advice is delivered to clients. The study is relevant to the EPF as policy-maker, on the behaviour and attitudes of its members.
Original languageEnglish
Pages (from-to)644-657
JournalJournal of the Asia Pacific Economy
Volume20
Issue number4
DOIs
Publication statusPublished - 2015

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retirement
Malaysia
savings
employee
religion
evidence
gender
tolerance
marital status
Religion
commitment
decision
advice
plan
developed country
policy

Cite this

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Retirement savings investment decisions: evidence from Malaysia. / Jamaludin, N.; Gerrans, Paul.

In: Journal of the Asia Pacific Economy, Vol. 20, No. 4, 2015, p. 644-657.

Research output: Contribution to journalArticle

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