Investment intention on Private Retirement Scheme (PRS) among small business owners and self-employed individual

Ramin, Ahmad Kaseri and Zabri, Shafie M. and Md Diah, Mohd Lizam and Ahmad, Abd Razak and Mohd Safian, Edie Ezwan (2018) Investment intention on Private Retirement Scheme (PRS) among small business owners and self-employed individual. JOURNAL OF ADVANCED RESEARCH IN DYNAMICAL & CONTROL SYSTEMS, 10 (6). pp. 198-203. ISSN 1943-023X

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Abstract

Private retirement planning scheme (PRS) was first introduced in 2012 in support to private sector employees to prepare for their retirement. The PRS is a retirement scheme introduced by the Private Pension Administrator (PPA) in addressing the inadequacy of retiree’s savings in meeting their retirement needs to accommodate the increasing life expectancy and rising living standards and insufficient fund to support life after retirement. This study aims to gauge the level of investment intention among small business owners and selfemployed individual on PRS scheme. Total 341 respondents involved in the study in which data was gathered through questionnaires. The study found that level of investment intention on PRS was relatively mediocre. Respondent knowledge, PRS product literacy and economic condition were found to have an influence on PRS investment intention.

Item Type:	Article
Uncontrolled Keywords:	Adoption; Entrepreneur; Employees Provident Fund ; investment intention; Private Retirement Scheme; Small Business; Self- employed.
Subjects:	H Social Sciences > HG Finance > HG179 Personal finance
Divisions:	Faculty of Technology Management and Business > Department of Business Management
Depositing User:	UiTM Student Praktikal
Date Deposited:	07 Dec 2021 06:22
Last Modified:	07 Dec 2021 06:22
URI:	http://eprints.uthm.edu.my/id/eprint/4536

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