More sharing to all,

SC controls those INVESTMENT COMPANIES, BNM controls those INSURANCE COMPANIES/ BANK.

Insurance companies already eligible to join this PRS is because they have existing deferred annuity, yet, the product need to restructure to comply to the BNM compliance so that can get RM3000 tax relief. The conventional deferred annuity / saving plan cant get this tax relief.

BNM and LHDN have set guideline/compliance for the PRS/ Deffered Annuity to entitle RM3000 tax relief.

Well, they are 2 corporates responded swiftly to come out with the latest financial product which is COMPLY to the BNM guideline.
I am helping for distribution for this product. (but i am not from UniAsia~)

Companies get approval to join this PRS. Please read carefully, they need to come out with the product which must comply to the guideline~

so far only the UniAsia PRODUCT is complied to the guideline.

Retirement planning is good to start early~

Extra sharing, the power of compounding.
http://en.wikipedia.org/wiki/Compound_interest
http://www.mindyourfinances.com/money-mana...vings/081104-04

Anyone wanna plan for retirement EARLY and get the tax relief RM3000, feel free to contact me~ I am ready to share~

In my opinion, it is better for you to FPX your money into FSM's CMF, park your money there, let the RSP do the job by doing monthly deduction from CMF every 15th