Thanks for the input.

What  is the minimum commitment for PRS monthly? In this case ING which already started.

Thanks

get this month personal money, well explained abt PRS.

ok, i got the breakdown liao.
taking growth fund as an example.

hwang is charging 0 entry fees, 0 exit fees, management fees of 1.8% + trustee fees of 0.4%; PPA is taking another 0.4% as management fees; transfer fees at rm50 per transaction to other providers

PB is charging 3% upfront fees (entry fees), 0 exit fees, management fees of 1.5%, trustee fees of 0.6%; PPA is taking another 0.4% as management fees; transfer fees at rm25 per transaction to other providers

so basically it boils down to fund performance as the difference is quite minor.
any advice on which of these perform better historically?

fyi, cimb is at management fees of 1.4% + trustee fees of 0.4%. transfer at rm75.

cheers!

i spoke to a PRS agent and apparently i was encouraged to buy their unit trust instead. In fact i was told that it is the government that put a mandatory for these banks to set up this PRS and they had no choice but to accept the government offer.

Also the fund size according to the agent will be very small, whereby only higher income tax payers will buy and max will only be RM3k.
Imagine in reality who and how many ppl in Malaysia really pay tax? This times RM3k/year and then divided into 8 funds approved by government.
Therefore the PRS fund size is very small for each bank and also no historical proven record.

I really into this PRS as it give 26% returns every year (via income tax). on the other hand, i am worried that with PRS given at lowest priority among the other unit trust by the 8 banks, the capability of fund managers assigned by the bank may not generate any growth of money.

Any thoughts?

It is a shame the PRS doesnt count in mutual gold status... It is similiar to UT EPF investment, they should make it the same to gain mutual gold status. Just my thought..

let's just all agree on the following, shall we?
1. if all things being equal, hwang beats PM in the short term while PM wins in the long term
2. everything else doesn't matter as spreadsheet have proven that the differences is MARGINAL and ultimately it is the fund performances that matter.

good discussion you all. met some new friends here. cheers!

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Added on December 20, 2012, 3:47 pm

1stly, you are not a syt
2ndly, you do not offer PM which i'm keen to take

so sorry abang bkwu, both product and wow factor also does not fulfill. my $$ cannot go to you. 

Called HwangIM, the Head of Branch suggested to invest in their conservative funds cos market is a bit peak"ish" and to switch when market corrected. Most Asian stockmarkets are at their tops except China.