PRS assets under management to exceed RM1bil

KUALA LUMPUR: The assets under management (AUM) of the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), is expected to surpass RM1bil mark by year-end.

Its chief executive officer Datuk Steve Ong Chong Gain said PRS had gained traction since its inception in December 2012 as its AUM had grown over RM800mil with over 140,000 members.