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Ask anyone about the importance of planning for their retirement and the answer is a resounding “Yes, it is important”.
PETALING JAYA: Private Pension Administrator Malaysia (PPA), the central administrator for the voluntary private retirement schemes (PRS), expects to double its assets under management to RM600mil by the end of the year from RM300mil at present.
MICHAEL Leong, 54, has been a self-employed mechanic for the past 20 years. Having raised three children up to university level, setting aside some savings for retirement has been a challenge.
WHILE it is important to set aside a portion of your income for your golden age, many find it hard to decide where to put their hard-earned money. Employees are often choosy and sceptical in selecting the right financial instruments to invest in, other than keeping their money in the bank.
PETALING JAYA: The Malaysian Employers Federation (MEF) believes that more can be done to encourage the public to take up the private retirement scheme (PRS).
PETALING JAYA: The Private Pension Administrator Malaysia (PPA) says this year is “momentum” year, as more individuals are expected to sign up for the private retirement scheme (PRS) in line with its efforts to communicate the need for retirement saving to the public.