Malaysia needs to address ageing population woes

Institute for Capital Market Research (ICMR) chairman Tan Sri Dr Munir Majid said Malaysia will be transformed from an ageing nation to an aged nation in just under 25 years, while it took France 115 years, Sweden 85 years and the United Kingdom 45 years to reach that state.

KUALA LUMPUR: The Securities Commission (SC) has joined the call of the government and authorities on the need to address the issue of the country’s ageing population coupled with the shortfall in retirement funds.

Citing the SC Capital Market Masterplan 3 launched on Sept 21, 2021, the ageing population issue is deeply concerning and, if not addressed, would become a serious social problem with political consequences.