The total assets under management (AUM) of Malaysia’s Private Retirement Scheme (PRS) have reached a record RM10.9 billion, the highest level since the voluntary retirement savings scheme was introduced in 2012.
PRS assets have increased by RM2.1 billion so far this year, including RM379 million in member contributions. Total membership also grew to more than 690,000, with around 19,000 new members joining the scheme this year.
Nearly 19,000 New Members Joined This Year
People aged between 30 and 40 continue to make up the largest share of PRS members, while participation among younger Malaysians remains comparatively low.
Private Pension Administrator (PPA) chairman Tengku Aizan Tengku Abdul Hamid encouraged younger Malaysians to start saving early, saying even modest contributions could help build greater financial resilience over time.
PPA Introduces Upgraded Member Portal And Calculator
PPA upgraded the PRS Retirement Planning Calculator, allowing you to estimate how much you need to save for retirement and how long your savings could last based on your expected retirement spending.
PPA also redesigned the PRS Members Portal, making it easier for members to access their accounts, monitor their retirement savings, update their personal information and manage their retirement planning online.
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