Financial Planning and Retirement Management

Singapore University of Social Sciences

Financial Planning and Retirement Management (GER514)

Synopsis

GER514 Financial Planning and Retirement Management is in response to the urgency to prepare individual and management staff to think of the financial and retirement planning. It covers ageing and economics, financial and retirement issues, the concepts of personal financial planning for retirement, the preparation of pre, during and post retirement from an individual and Human resources perspective, etc. The impact of an ageing population on the composition and possible shrinking of the labour force, productivity concerns, resources needed for upgrading of skills, and tax burden on the working populace are addressed. National policies regarding lifelong learning e.g. SkillsFuture framework, support for older workers to continue working e.g. Workfare, and incentives for employees to work beyond age 62 would be examined and analysed for effectiveness.

Level: 5
Credit Units: 5
Presentation Pattern: EVERY JULY

Topics

The economics of Ageing
Global views on financial and retirement models
Ageing and Financial planning
Ageing and retirement planning
Personal financial planning for Retirement
Human Resources in Retirement planning
Examples of Pre-retirement, Retirement and Post-retirement
Transition models in retirement: optional/ progressive retirement
Employment and Re-employment in Old Age
Skillsfuture and Employment
Central Provident Fund and Ageing issues
Case studies

Learning Outcome

Analyse and explain the concepts of financial planning and retirement management
Differentiate various models on pre-retirement, retirement and post-retirement models in different countries
Examine the importance of financial planning and strategies on older persons
Compare different retirement management policies
Formulate a financial and retirement plan for individual and Human Resources perspective
Appraise the current financial, re-employment and retirement options