Key Takeaways
- • The Securities Commission Malaysia (SC) and the Private Pension Administrator Malaysia (PPA) are exploring ways to give members of the voluntary Private Retirement Scheme (PRS) access to a broader range of investments, including exchange-traded funds.
- • Assets under management in Malaysia's PRS industry rose almost 31% to 11 billion ringgit (US$2.73 billion) in the seven months through July, according to SC remarks reported by Asia Asset Management.
- • PRS assets have grown about 70% since 2020, outpacing the broader fund management industry's gain.
- • The initiative was signalled by Shahrul Amry, director of market development at the SC, in a keynote at the PPA's savings campaign launch on August 11.
Summary
Malaysia's securities regulator is working with the Private Pension Administrator Malaysia (PPA) to strengthen the private retirement scheme, according to Asia Asset Management. The PRS is a voluntary investment scheme regulated by the Securities Commission Malaysia (SC) and forms the third pillar of the country's multi-pillar pension framework, alongside the statutory and employer-based schemes.
Speaking at the launch of the PPA's savings campaign on August 11, Shahrul Amry, director of market development at the SC, said the regulator and the PPA are exploring options to facilitate access to a broader range of investments for PRS members. He said this includes the potential for members to access exchange-traded funds. He framed the move as necessary to keep the scheme relevant to its members.
Shahrul Amry cited strong growth in the industry. Assets under management in the PRS rose almost 31% to 11 billion ringgit (US$2.73 billion) in the seven months through July, and have increased 70% since 2020, outpacing the broader fund management industry. He said the growth reflects increasing confidence in the PRS and its positioning as an important pillar of retirement planning.
The original article could not be fully retrieved, so details on the timing and specifics of any product changes beyond the exploratory stage were not available in the sources reviewed.
Speaking at the launch of the PPA's savings campaign on August 11, Shahrul Amry, director of market development at the SC, said the regulator and the PPA are exploring options to facilitate access to a broader range of investments for PRS members. He said this includes the potential for members to access exchange-traded funds. He framed the move as necessary to keep the scheme relevant to its members.
Shahrul Amry cited strong growth in the industry. Assets under management in the PRS rose almost 31% to 11 billion ringgit (US$2.73 billion) in the seven months through July, and have increased 70% since 2020, outpacing the broader fund management industry. He said the growth reflects increasing confidence in the PRS and its positioning as an important pillar of retirement planning.
The original article could not be fully retrieved, so details on the timing and specifics of any product changes beyond the exploratory stage were not available in the sources reviewed.
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