PRS success hinges on education

  • Business Premium
  • Saturday, 01 Dec 2012

THE country's private pension industry is running slightly behind schedule. The final pieces of the private retirement scheme (PRS) framework fell into place in July following the establishment of the Private Pension Administrator (PPA) and the Securities Commission's (SC) approval of the first set of PRS schemes.

At the time, the SC expected this batch of schemes, comprising 24 funds, to be offered to the public from September. That didn't happen.

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