well guys, you can ask me any information about PRS and I can tell you where they invest how they do it too. Most probably you can apply for it this month. So if you want or interest in it, you can get it from me too : ) cheers.

Yes, the fund actually managed by fund manager from former singapore DBS bank fund manager, the performance record is good. Anyway I'm from hwang, do ask me any ：)

Yes there will be prospectus as Hwang just launched this PRS, official selling date should be 22Nov or around that week.
If you interested in opening account, steps are simple. Open a PPA account, RM10 will be charged by goverment, then annual feed RM5-8(only applied to if you invest in your account for that particular, no invest=no RM8 charges)

Well, to me these RM8 RM10 is not the big issue because what we really want to see is the performance of the fund, rite?

3 Plans will be launched, Conservative, Balance, Growth. If you are the type of not really can take high risk, go for convervative plan, as most of the money will be invested in bond money market, but the return not high lo, around same with EPF. Balance fund will be invest more aggresively in stock market, but not as aggresive as Growth Fund. Each of the year, you will be given one chance to switch(let say from Balance Fund to Growth Fund) for free, so if you think the stock market will shoot up, of course you can switch to Growth Fund anytime.

And the most important thing we all concern is the charges. I believe HwangDBS is the only PRS provider that do not charge any sales charge, 0% lo Retirement scheme should not be charge ma, as the money will be save for our retirement, why charge us like unit trust, 5.5% =.=

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Added on November 6, 2012, 5:54 pmDirect deduct for your PPA account, RM8 only if you have any transaction for that particular years, if no transaction no charge lo. but most of the people will choose to invest monthly as the price fluctuated, averaging up/down the price is the best strategy in this case.

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Added on November 6, 2012, 5:55 pmBelow 55 also can use this to enjoy tax relief la bro. if you fall in maximum tax bracket you can save up to RM780 just for tax.

This post has been edited by im.thetrader: Nov 6 2012, 05:55 PM

The concept is the combination of Unit Trust and EPF. the actual return of your retirement fund is based on where your money invest in. And also who manage the money. Look into the past performance of the fund manager and their strategy before you make contribution lo~

If Great Eastern dare to guarantee the return then I'll be very surprise, even CIMB bank said they can't guarantee anything, ' time will prove' this is what they said. Even if the fund 100% dump in money market and bonds, how sure are you these bond issuer will not default? May be Great Eastern have a few billion Ringgit in extra ?

which mean 3.5%, no more no less? only 3.5% guaranteed?