Malaysians not saving enough for retirement: HSBC


KUALA LUMPUR: A survey of 1,000 people in Malaysia by HSBC revealed that 43% of respondents are inadequately prepared, and that one in 10 are not prepared at all for retirement.

The survey conducted in July-August 2012, found 28% of Malaysian respondents have never saved for retirement, including 18% of those in the 55-64 age group.

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Monthly Plan

RM 13.90/month

RM 8.34/month

Billed as RM 8.34 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 7.40/month

Billed as RM 88.80 for the 1st year, RM 148 thereafter.

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Retirement , HSBC , financial planning , Malaysia

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