Retirement: It's an 'Income Problem,' Not an EPF Problem.



Proposals to restructure the EPF aim to solve Malaysia's retirement crisis by creating a pension-like income stream for retirees. But what if the problem isn't the EPF system itself, but a much deeper issue with our income and corresponding quality of education?



Rajen Devadason, Licensed Financial Planner with Manulife Investment Management (Malaysia) Berhad, joins us with a contrarian take, arguing that Malaysia has a fundamental "income problem" rooted in long-term educational policy missteps. He discusses his bold proposals for reform, including the controversial but necessary step of raising the retirement age to combat longevity risk.



We discuss:


Why the core issue is an "income problem," not an EPF problem.


The case for raising Malaysia's retirement age to 70.


How long-term educational policy has impacted national income levels.


What "longevity risk" is and why it's the biggest threat to retirement.


Why individuals must focus on building their own private pensions.



For policymakers and anyone planning for the future, this is a conversation that dives into perspectives on deep, structural reforms needed to secure Malaysia's long-term economic well-being.

Retirement: It's an 'Income Problem,' Not an EPF Problem.Proposals to restructure the EPF aim to solve Malaysia's retirement crisis by creating a pension-like income stream for retirees. But what if the problem isn't the EPF system itself, but a much deeper issue with our income and corresponding quality of education?Rajen Devadason, Licensed Financial Planner with Manulife Investment Management (Malaysia) Berhad, joins us with a contrarian take, arguing that Malaysia has a fundamental "income problem" rooted in long-term educational policy missteps. He discusses his bold proposals for reform, including the controversial but necessary step of raising the retirement age to combat longevity risk.We discuss:<ul><li>Why the core issue is an "income problem," not an EPF problem.</li><li>The case for raising Malaysia's retirement age to 70.</li><li>How long-term educational policy has impacted national income levels.</li><li>What "longevity risk" is and why it's the biggest threat to retirement.</li><li>Why individuals must focus on building their own private pensions.For policymakers and anyone planning for the future, this is a conversation that dives into perspectives on deep, structural reforms needed to secure Malaysia's long-term economic well-being.</li></ul>

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