1. Predicting Saving Intentions in Voluntary Retirement Schemes: Extending the Theory of Planned Behaviors
- Author
-
Ab Rahim, Fithriah, Ishak, Norhamiza, Jamil, Nazarina, Shafie, Yanti Ahmad, and Ab Wahab, Siti Nuraqilah
- Subjects
Personal finance -- Analysis ,Economic incentives -- Analysis ,Marketing research -- Analysis ,Business - Abstract
Purpose: This paper aims to examine the basic determinants of consumers intention to participate in family takaful scheme using decomposed theory of planned behaviour (DTPB) and identifying relevant factors may be moderate the relationship. Design/methodology/approach: A comprehensive review of the DTPB literature is undertaken, with a particular focus on contribution to retirement literature. Findings: The review finds that intention toward participating in family takaful scheme is are not only affected by attitude, subjective norm and perceived behavioural control but also influence by moderating factors like demographic variables, consumer knowledge, situational factors and consumer level of religiosity. Inhibiting factors related to insurance and takaful purchase is also highlighted Research limitations/implications: This study is primarily limited in scope, as it only reviews the previous studies, but the study helps for better understanding of individual intentions to participate in the I-Saraan retirement savings program. The proposed conceptual model gives a theoretical background for the understanding he individual intention towards the scheme. For future studies, we hope that researchers can empirically validate aforementioned constructs. Practical implications: Understanding the characteristics that drive participation in I-Saraan program is an important task for the government to attract the intended population. In this study, a conceptual framework is presented, which can provide valuable insights for devising effective promotional approaches for the I-Saraan scheme. Originality/value: Such an extensive review on identifying relevant factors to participate in takaful using DTPB has not been done before. The paper will be useful to researchers, professionals and others concerned with family takaful to understand the importance factors in participating in family takaful scheme Keywords: Retirement Saving, Self-Voluntary Saving, Self-employed, Government Incentives, Malaysia, Introduction Retirement savings are essential for self-employed people as it will help them ensure their financial future. Unlike the employees who are under fixed payment, the self-employed people are not [...]
- Published
- 2024