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 agingpopulation 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
RM100000 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 individuals 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 survey questionnaire is provided by the client (Appendix A).

The aim of this project is to provide a strategic action plan based on the results of
analyses.

Based on your contract, your report should include the following items:

1. Cover Letter ( 100 words)

2. Executive Summary (150 words)

3. Introduction ( very brief background of /topic, 250 words)

4. Methodology ( 200 words)

a) Sampling method

b) Location(s) of data collection

c) Duration
5. Conduct a survey with at least 100 participants. Participant must be Malaysian
Citizen.

6. You may collect the data from any transportation hubs or other public places which
have high traffic of international tourists.

7. All participants MUST be 22 years old and above.

8. You are not allowed to collect the data from students and their family.

9. Performing and reporting the analyses by using Excel software:

a) Descriptive Analysis

b) Chart, table, etc.

c) Normality Test

10. Test the hypotheses

a) Two t-test

b) One ANOVA

c) One Multiple Regression.

11. Action plan (1500 words) Suggestion and recommendations to address;

a) Policy makers

b) Government agency

c) Insurance and Investment companies

12. Limitations (100 words)

13. Conclusions (200 words)

14. List of references

15. Appendixes