Ok, thanks! I will contact directly.

dear sifu, im newbie to PRS
so is CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY class c the best?
what is class a about? i cant seem to find it online. what is the advantages of class c over class a?

Class C, A and X are catering for different sales channel.

what do u mean by sale channel?

Retail, Institutional and Corporate.

Class A - Subject to the PRS Provider’s absolute discretion, Class A is for an individual who has
attained the age 18 years as of the date of opening a private pension account.
Class A and Class C have different Sales Charge and Management Fee.

Class C - Subject to the PRS Provider’s absolute discretion, Class C is for an individual who has
attained the age 18 years as of the date of opening a private pension account.
Class A and Class C have different Sales Charge and Management Fee.

Class X - Subject to the PRS Provider’s absolute discretion, Class X is for a Member who
participates via his/her employer and is subject to a minimum of 200 participating
employees per employer or 50 participating employees under payroll deduction per
employer.
Class X has no Sales Charge.

This post has been edited by David83: Dec 15 2017, 07:12 AM

Hi all sifus...just entered into PRS via CIMB...after all the filling of document i was given a slip n told by the staff to wait for their call so they can guide me wats the next step...but the next day when i want to check my account thru CIMB click it says cant connect to PRS acc...im using the acc no. on the slip anyway
So im here to ask wat should i do while waiting the cimb staff to contact me

Usually it takes 1 working day to create your new account for cimb prs. And 4 working days for you to be able to access your online account at ppa website. You can give cimb principal a call to enquire on your account status.

Hi sifus,

I'm planning to invest my first 1k into PRS for the youth incentive next year. Which provider of PRS is best to go to?

And on top of that - can anyone also share what are the best up-to-date online materials to check on performance of PRS provided by each participating FI?

try this?
https://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm

I see...thanks for your valuable info

Thanks Chief!

Hi MrBlackie, newbie for PRS here, may I know you entered CIMB PRS? you went to CIMB branch and applied yourself? Is it cheaper that way rather than go through agent? you opt for "do-it-for-me" for "do-it-myself"? thanks

Im still quite confused the way of entering PRS via online agent such as FSM...none of my frens entered it yet
Lol and i thought PPA account hav to be opened at physical branch first like how Asnb works...so i opted to open it at bank myself and its easier for me to make inquiry there
I remembered some sifus posted the "online" way to enter prs...couldnt find it at the end too many pages here

Just go to www.fundsupermart.com.my

Follow instructions on how to open acct with them, and for prs. Yes they are agents, they operate online, of course you still need to mail them hard copy document for 1st time account opening for PRS. That's it. You can visit FSM thread, many will gladly help and refer you. They don't get any monetary benefit but it's a win win.

Thanks for the info given!

I use FSM. Use either FSM or eUT. They are the cheapest in Malaysia at 0% service charge. Walking into cimb and cimb principal is 2 different thing. As cimb is the seller/agent.

Do it for me means you gonna buy few funds and cimb will "supposedly handle the switches" do it myself allow you to just buy one fund. Keep in mind the more funds you have, the more annual fees you need to pay if there is even one transaction in that fund for the entire year.

No need to wait for friends. Most people lead the YOLO life. Hence by the time they realise they need savings, it's too late.

How can i know my PPA account number and password? will FSM send me an email notification?

PPA will send you letter. FSM got nothing to do with PRS as they just provide you platform to buy and sell. When you open PRS account, you own the PRS. Hence you deal directly with PPA and the PRS fund house.

Ya i believed most of the youngsters arent aware of this scheme or maybe they dont even bother any incentives given by current government
Another thing most of my frens arent interested to park their cash inside for long term...well just a merely 1k you get another 1k incentive thats quite good to park your extra cash after investing in other platform...not sure how many quota left for millions dollar incentive allocated

Thanks, I am going to learn more about FSM, but firstly I think I have to go through the fund options available (growth/equity, local/asia) first - I am just too new to understand these funds. Do you look at each funds fact sheets like their investment portfolio?

Seems the choice is quite clear, I dont wish to be charged more annual fees when we can opt to choose the fund ourselves.