Govt to develop policies for ageing population

Caption Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (middle) launching Cagamas Bhd’s Skim Saraan Bercagar reverse mortgage retirement scheme. He is flanked by Cagamas Bhd chairman Datuk Bakarudin Ishak (left) and president and chief executive officer Datuk Chung Chee Leong.

KUALA LUMPUR: The Finance Ministry will be developing policies and structural reforms to better ensure the independence of Malaysia’s ageing population, especially in light of uncertainties that have been brought upon by the pandemic.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said Covid-19 has made it more challenging when it comes to old age income security.