Aug 4, 2010
Malaysia's first retirement transformation initiative launched
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Discussion forum on future retirement of Malaysia. From L-R: Preedeben Kannan, Datuk Yeow Chin Kiong, Professor Ong Fon Sim and Datuk Dr Zainal Aznam Yusof. |
KUALA LUMPUR: The inaugural RETIREMENT TRANSFORMATION CONFERENCE 2010 (RTC) was held yesterday to realise a comprehensive initiative aimed at redefining the retirement industry in Malaysia.
The conference was held to create a platform to bring together the different stakeholders pertaining to retirement such as from the government, private sector, NGOs, financial institutions and academics. Prominent speakers include Datuk Dr Zainal Aznam Yusof, Datuk Michael Yam, Professor Ong Fon Sim, Mohamed Akwal Sultan and many more.
The aim is to share and learn, debate and strategise as well as tackle retirement issues including social security, medical care, promoting lifelong learning and productivity post-retirement and an appreciation of the retirement mindset.
The intention of this conference is to assist the government’s initiative of adopting a policy of extended employability beyond the present retirement age, and in the process optimising our senior talents – a policy which can be applied effectively by both the public and private sector.
The eventual aim of the conference is to help facilitate the government in establishing a comprehensive blueprint and set of policies to improve the care of senior citizens and to initiate the development of retiree-centric financial products and services, investment planning and protection.
The RTC covered key issues which are pertinent for the retirement industry to move forward in the next few years. These include issues on economic security for retirees and financial preparedness as well as tax incentives and financial products specific for retirement in Malaysia.
The other issues include human capital deployment and employment opportunities as well as the development of quality and affordable health care and retirement living opportunities in Malaysia.
Participants of the conference heard success stories from pioneers of the ageing market and discussions of best practices, commercially viable regulatory, business models and case studies in property development, retirement living and aged care services, healthcare and wellness services, retirement education, employment, financial services, media and business branding that will benefit from capturing Malaysia's ageing baby boomers.
