Private Retirement Scheme Public Mutual
Complements the mandatory contributions made to epf.
Private retirement scheme public mutual. What is private retirement scheme prs. A private retirement scheme prs is an investment scheme designed to help employees and self employed workers to accumulate savings for retirement through voluntary contribution it is administered by the private pension administrator ppa whose trustees holds the prs assets for the benefit of contributors. Complements the mandatory contributions made to epf. The prs is a defined contribution pension scheme which allows people to voluntarily contribute into an investment vehicle for the purposes of building up their retirement fund.
The private retirement scheme prs is a voluntary long term contribution scheme designed to help individuals accumulate savings for retirement. This is especially useful for those who wish to grow their retirement fund and invest but aren t savvy in the area of investment. Public mutual is malaysia s largest private unit trust company with more than 160 unit trust funds under its management and is an approved private retirement scheme prs provider managing nine prs funds. A voluntary long term contribution scheme designed to help individuals accumulate savings for retirement.
Funds under prs are neither capital guaranteed nor capital protected. What is private retirement scheme prs. A voluntary long term contribution scheme designed to help individuals accumulate savings for retirement. Having a good fund performance track record over the years makes the company the most awarded.
As at end august 2020 the size of the funds managed by the company was rm95 6 billion. Public bank also distributes a wide range of prs funds that you may choose to contribute based on your contribution time horizon risk appetite and age. Public mutual has been managing funds for more than 30 years and is committed to consistently deliver above average medium to long term returns for all its funds. Find out more about prs here.
Contribute to prs and enjoy. Prs is a voluntary long term investment scheme designed to help individuals accumulate savings for retirement. At public mutual we provide a wide range of prs funds that you may choose to contribute to based on your contributon time horizon risk appetite and age. Prs seek to enhance choices available for all malaysians whether employed or self employed to voluntarily supplement their retirement savings under a well structured and regulated environment.
P ublic mutual is the largest private unit trust company in malaysia. Funds under prs are neither capital guaranteed nor capital protected. Private retirement scheme private retirement scheme prs is a voluntary long term contribution scheme designed to help individuals accumulate savings for retirement.