Calls for an inclusive social protection system

PETALING JAYA: With Malaysia’s population aged 65 and above growing faster than other age groups, a more inclusive social protection system is needed, according to AmInvestment Bank (AmInvest) Research.

During the Covid-19 pandemic, early withdrawals of pension assets had also left gaps in many private households’ old-age provision, while the growth of life insurance and pension fund assets slowed down.