PRS can help M’sians save more for retirement, says AmInvest

Empowering people: Tan says they want to empower people with the opportunity to design their savings to suit their future lifestyle.

PETALING JAYA: There is a need for more awareness on the importance of having additional means of income generation post-retirement, as studies have shown that most Malaysians do not have enough to fund their retirement, AmInvest says.

AmInvest senior vice president for retail and retirement funds Alex Tan said options such as private retirement schemes (PRS) were set up to complement Employees Provident Fund (EPF) contributions, and help Malaysians save more for retirement.