OnePRS by Kenanga

Retirement is the next stage in life where one relishes in the accomplishment of their dreams and curiosities. This is also where the money we have put away for savings and investments in our youth, begins to flex their muscles in order to securely see us through our golden years.

Learn how OnePRS by Kenanga can help you achieve that.

Private Retirement Schemes – At a Glance

What is it?

  • A voluntary retirement savings scheme offered by private sector fund providers licensed and approved by the Securities Commission Malaysia.
  • A tax-efficient vehicle for individuals to save for retirement.
  • To complement your mandatory retirement savings scheme.

Why do you need it?

  • Enables additional savings for your retirement.
  • Protects against inflation and provides adequate savings upon retirement.
  • Allows individuals or employers to voluntarily contribute into a retirement savings scheme.
  • Allows employees of a company and self-employed individuals to voluntarily contribute into a retirement savings scheme.
  • Ultimately, to allow you to have the quality of life you have always wanted at retirement!

The PRS Framework

PRS is a regulated capital market services activity that comes under the supervision of the Securities Commission Malaysia, who ensures the proper functioning of the PRS industry and investor protection through regulating the following four intermediaries.

Private Pension Administrator Malaysia

  • A one-stop center to govern the PRS by acting as a resource center for information relating to the PRS industry and keeping records of all transactions of monies paid or received.

PRS Providers

  • Licensed and approved by the Securities Commission.
  • Offer a range of PRS retirement funds for members to choose to invest in

Scheme Trustee

  • To safeguard members’ contributions, the asset of each PRS will be segregated from the PRS Providers and held by an independent Scheme Trustee under a trust.

PRS Distributors and Consultants

  • PRS Distributors include financial institutions who enter into agreement with PRS Providers to market and distribute PRS.
  • OnePRS Scheme Consultants are individuals who are registered with the Federation of Investment Managers Malaysia through Kenanga Investors Berhad to market and distribute OnePRS by Kenanga