Friday, March 09, 2007

Piggy piggy bank

Many Malaysians do not have any financial planning

The insurance industry in the country has a lot of potential to grow as the market penetration was only 38.7% in 2005, said Deputy Finance Minister Datuk Dr Ng Yen Yen........

Well Datuk, that's probably because people isn't even aware of the options they have. Who do we have to blame? I have one suggestion. Sure you can argue that the market is not mature enough and we do not have that much expertise in private pensions.

Anybody care to brief me or show me to articles on the Malaysian State Pension system? Really like to know what the guys up in EPF are doing, other than buying into equities.

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