OF LATE, there has been a fair bit of discussion about the pros and cons of setting up private pension/retirement funds.
In its memorandum at the recent Budget dialogue, the Life Insurance Association of Malaysia (Liam) called on the Government to promote the setting up of such funds by providing tax incentives. Liam also said the insurance industry was ready and able to manage such funds, which would complement the role of the Employees Provident Fund (EPF).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!