FSP

Pre-Course PREP

FUNDAMENTALS IN SOCIAL PROTECTION

FSP Important Notes

This section contains information to prepare you for the course. We advice you to read all pre-course materials before the commencement of the programme.
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Welcome Letter

Congratulations for joining the Pension and Retirement Professional Programme.
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Learning Syllabus

A list of learning materials for the programme. Participants are expected to read and watch the articles and videos before each session.

FSP1001 : Introduction to Social Protection
FSP1002 : Ageing and Social Protection
FSP1003 : Introduction to Retirement Planning

*IMPORTANT REMINDER: PLEASE GO THROUGH THE READING MATERIALS

FSP 1001 :
INTRODUCTION TO SOCIAL PROTECTION

P1. Social Protection Overview by World Bank

World Bank report highlights the importance of social protection in reducing poverty and promoting economic resilience. Which include:

Social Protection Impact: Helps vulnerable populations by providing income support, improving job opportunities, and reducing inequality.
Labor Market Challenges: Growing job shortages, especially in Africa and South Asia, require urgent policy responses.
Adaptive Social Protection: Integrating digital tools and innovative financing for efficient social welfare delivery.
Universal Social Protection Goal: Targeting 500 million people by 2030 through partnerships and strategic investments.
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FSP 1002 :
AGEING AND SOCIAL PROTECTION

P2 : SWRC Vol 5 January 2025

In this issue of the quarterly SWRC bulletin, we dive into the challenges of Malaysia’s ageing population. Participants will be able to understand:

The impact of an ageing society on labour force participation and dependency ratios.
Policy recommendations such as extending the retirement age and re-employment strategies.
The role of government initiatives in strengthening social protection and pension schemes.
Lessons from OECD countries on managing an ageing workforce.
Ways to improve social protection through better tax collection and financial sustainability.

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P3 : Subjective Well-Being of Older Persons in Malaysia

This study examines the subjective well-being (SWB) of older persons in Malaysia which focusing on factors influencing life satisfaction. Using data from the Malaysia Ageing and Retirement Survey (MARS), it finds that SWB generally increases with age, particularly among men.

Key findings:

Living Arrangements: Older persons living independently (alone or with a spouse) report higher SWB than those living with children or extended family.
Social Engagement: Participation in social and religious activities positively impacts SWB.
Health & Economic Status: Poor health and financial assistance dependency negatively affect SWB.
COVID-19 Impact: The pandemic reduced life satisfaction, especially for those living alone.

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FSP 1003 :
Introduction to Retirement Planning

P4 : Financial Planning for Retirement Models: An Integrative Systematic Review

This paper provides a systematic review of financial planning for retirement (FPR) models, examining key theories, methodologies, and determinants that shape retirement planning behavior. Which include:

- The evolution of FPR research from economic and demographic perspectives to psychological and multi-disciplinary approaches.
- The role of financial literacy, psychological factors, and socio-demographic variables in influencing retirement decisions.
- The importance of conceptual models in predicting retirement behavior and identifying gaps in existing research.
- The need for more empirical studies, especially in developing countries, to understand how cultural and economic factors impact retirement planning.

For a full pdf version, click HERE

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