Private retirement schemes attract strong interest

THE private retirement schemes (PRS) attracted strong interest, especially among those aged below 30 years as the net asset value (NAV) rose 20% to RM2.66bil last year.

The Private Pension Administrator (PPA) Malaysia, which is the central administrator for PRS, says that despite the economic challenges domestically and internationally, more people saved with PRS in 2018 than in any previous years since the launch of the PRS in 2012.