Learn how to save for retirement in these pandemic times

SAVING for your retirement is a lifelong journey. Against the backdrop of the Covid-19 pandemic, many Malaysians have to put saving for their retirement on hold as they juggle present financial challenges.

A survey conducted by the Private Pension Administrator (PPA) Malaysia last year found that the pandemic has increased awareness on retirement planning – 80.1% of respondents admitted to rethinking their retirement plans and goals, 30% plan to increase their retirement savings in 2021 and 19.2% want to start saving or revert to their usual savings amount once their finances are more stable.