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 Private Retirement Fund, What the hell is that??

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runeguy
post Jul 24 2020, 05:45 PM

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hi I have just invested via PRS online enrolment. May I know how do I know my PPA account number?
runeguy
post Jul 24 2020, 05:55 PM

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QUOTE(MUM @ Jul 24 2020, 05:48 PM)
Ppa a/c no: ppa(your ic no)
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tried, but not working..

btw what is the app name? can't find it at apple App Store...

This post has been edited by runeguy: Jul 24 2020, 05:56 PM
runeguy
post Jul 24 2020, 06:28 PM

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QUOTE(MUM @ Jul 24 2020, 06:09 PM)
Not sure abt apps...
I did it on pc
Btw, when did you registered?
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I enrolled online justnow and invested via FPX. But it did not show my PPA number...
runeguy
post Jul 24 2020, 06:35 PM

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QUOTE(GrumpyNooby @ Jul 24 2020, 06:30 PM)
Do you receive any email from them?
Maybe your account/profile is not created yet despite your enrollment.
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No email received. Is it because my transaction was done after 5pm?
runeguy
post Jul 24 2020, 09:43 PM

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QUOTE(GrumpyNooby @ Jul 24 2020, 08:26 PM)
Upon the successful completion of your online transaction, your contributions will be forwarded to your Provider(s) for their onward processing at the next cycle. You will receive a separate acknowledgement from your Provider(s) once they have created the units in the relevant fund(s) for your benefit. Please note that successful completion of the online transaction does not guarantee the successful opening of the account. The respective Provider(s) may take up to 7 business days to confirm or reject the opening of the account and the contributors are obliged to provide all the necessary information (if requested by the respective Provider[s]) for the verification purposes. You may contact us if you wish to know the status of your transactions. Our contact details can be found here: Contact Us

There're two accounts to be opened throughout the whole online enrollment process:

1. PPA account at PPA website
2. PRS fund account at respective PRS provider

According to the T&C, PPA will complete the PPA account opening AFTER PRS account at PRS provider is successfully created with numbers of units and etc.
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๐Ÿ‘ŒThank you for your reply ๐Ÿ˜Š

runeguy
post Jul 26 2020, 01:49 AM

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QUOTE(MNet @ Jul 25 2020, 09:56 PM)
Why u go with PRS provider directly? Any benefit? What fund u buy got lower sales charges?
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Cz i saw can enroll ourselves online, easier . No need to go through an agent

 

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