De Alwis:
BEING the johnny-come-lately in the private retirement scheme (PRS) business may not necessarily be a bad thing. That is how Kenanga Investors Bhd deputy chief executive Ismitz Matthew de Alwis sees it.
The PRS is, according to the Private Pension Administrator (PPA) on its website, a voluntary long-term investment scheme designed to help individuals accumulate savings for retirement. It was launched in July 2012 and represents the third pillar of savings for retirement; the other pillars being the civil servants pension fund and the Employees Provident Fund (EPF).
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