Most employees in Malaysia currently save for their retirement through an existing mandatory retirement savings scheme. However, recent studies have shown that their retirement funds are often exhausted within a short retirement period of three to five years. With an increasing life expectancy and rising standards of living, many find that their retirement funds are not enough to give them the retirement lifestyle they want and encounter financial difficulties when really they should be enjoying their golden years then.
To address this issue, the Malaysian Government introduced the voluntary Private Retirement Scheme (PRS) as an initiative to accelerate one's long-term retirement savings. Under PRS, an individual can plan for their retirement better by increasing their savings on a voluntary basis through various PRS funds, according to their risk and return profile.
In other words, you can now save even more money for your retirement to have a better and a financially secured future!
Contact us:
OnePRS Toll Free Line: 1-300-88-1PRS (777)
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