Thanks for the information.

I also spoke to my PRS agent and I understand that the Securities Commission is only announcing nomination for nominee next year.

Yea, PRS is more like an EPF. Just in case the later fail and you got two baskets of egg

Wrong, PRS is not as same as EPF.

EPF
- guarantee your principal
- guarantee interest paid out

PRS
- No guarantee on principal,
- No guarantee on whether got profit or dividend.

They are totally not the same.
Please do not mislead people.

PRS is a long terrm UT. The one you quoted me is a reply, not a question.

So since PRS is like a long term UT, in order to make the bank work harder for new customer, we should choose the bank that gives the best deal so that they have the competition to get good past portfolio.

So, which one you recommend? Actually, SC has already chosen the 8 provider with track records. Diversify more then if you don't have balls

^ What is this person's problem?

prs is not unsimilar to epf
both are PENSION FUNDS,the only palpable difference is their investment style

prs can always establish a fund replicating the EPF investment strategy ie with similar asset allocation thus providing the much desired return vaunted by the skeptics of prs

however,i think prs was designed to allow workers to make their own investment choices premise on their risk tolerance and time horizon instead of the state investment vehicle deciding for them.therefore the returns from EPF cannot be use as a yardstick in determining the returns from prs

in addition,there are slew of funds in prs catering to the ultra conservative to the most aggressive investor which can deliver proportionate return base on their volatility or risk

This post has been edited by lizardjeremy: Oct 15 2015, 09:18 PM

PRS
- an unit trust that only can be withdrawn after pension.

As simply as that, don't need to more than 10 words...

SC?? Well, there's alot out there. You check out yourself. You can try CIMB Ex Japan. Forgot the full name. It looks good. It's not about Balls. It's about money.

They say Don't put all the eggs in one basket. I change it abit. "Dont put all your balls in one basket". Haha. Just joking.

This post has been edited by knight: Oct 16 2015, 12:30 AM

As I mentioned before PRS is like Long term UT. It's like you can buy the UT but you canot sell even if they not performing. This is why I prefer if everyone can keep changing and get the competition rolling.

Imagine now you buy RM1/unit and after 30yrs something happen and the price fall back to RM1.50. Rugi lah. Coz PRS can't guarantee you even if you buy conservative.

Sorry. English no good.

Yah. no Basket and Balls.

if the PRS fund is not performing, you can still switch to another fund or transfer any accrued benefits to another PRS provider.

it will be accrued "lost"

Yes. That's true also. But can we place it from provider to provider?? We lost something also from that transfer. I think I just treat it as non-risk and let it there first. For the mean time I'm ok with risk so I getting those good performance Provider.

Any good one to intro?

Yes, you can transfer your PRS funds to another provider. The transfer fee depends on the provider:
http://www.sc.com.my/prive-retirement-scheme-fee-comparison/

Also take note on PPA fees:
http://www.ppa.my/ppa/member-services/prs-transactions/

Things to consider:
1. Your current age
2. Purpose of investing in PRS
3. Invest in Malaysia or diversify to Asia region
4. Aggressive, Moderate or Conservative portfolio
5. Facility/Platform for your investment

Note: The main purpose of PRS is to complement/increase our EPF/pension for a better and dignified post retirement life.

Articles for your reading:
Cut EPF contribution
http://themalaysianreserve.com/new/story/e...cut-budget-2016

Not enough savings in EPF
http://www.freemalaysiatoday.com/category/...savings-in-epf/

Fun Fact: EPF is mandatory to provide not less than 2.5% dividend to its members. Anything more is a bonus.

We can also talk this over a cup of coffee

http://www.affinhwangam.com/campaign/prs-c...nc#.VkL7JrcrJaQ

boo hoo hoo.
kena con liao.
at first say contest ends 30 sept.
rushed to deposit even though market was crashing like mad then.
mana tahu, come 1st oct, say extended pulak.
damn beh song liao.

so in theory did not maximise or timed the market better since end sept myr dropped like crazy. surely yield for my entry no good liao for this year.

to make matter worst, didn't win the contest.
cham jor.

Time to buy in to meet the max amount for tax relief!!! Since market down trend..

Anyone here an agent for this retirement scheme?
Please let me know via PM, thanks!

is prs protected by pidm?

NO.