Skip to main content
Back
607033985

A voluntary long term investment scheme that accumulates savings for a sustainable retirement. 

Manulife Private Retirement Scheme (PRS)

A voluntary long term investment scheme that accumulates savings for a sustainable retirement. 

What is PRS?

 

  • A voluntary investment scheme initiated by the Government to help Malaysians accumulate savings for a sustainable retirement income.
  • Aims to provide both employees and self-employed individuals with an additional avenue to save for their retirement.
  • Provides yearly individual tax relief of up to RM3,000 for investors (until 2025)^.
  • Manulife PRS Series offers nine conventional & Shariah-compliant PRS funds.
  • Start now with a regular savings plan.


^Terms & conditions apply.

Who can invest in PRS?

     

     Malaysians & foreigners

     

     Age 18 and above

     

     Employed or self employed

     

     Also suitable for individuals who do not have a public mandatory retirement scheme

What are the benefits in contributing to PRS?

  • Supplements your retirement savings.
  • Flexibility to invest and switch between funds according to your risk appetite, investor profile and retirement needs.
  • A wide range of conventional and Shariah-compliant PRS funds to choose from.
  • Individual tax relief of up to RM3,000 per year (until 2025)^.
  • Conditional withdrawal options.
  • All Members (either self contribution or contribution by an employer on behalf of an employee) are eligible for free insurance coverage^.

^Terms & conditions apply.

 

Globally we are a major retirement provider

Canada

Group retirement solutions

   C$80.6 billion

   16,000

   2.2 million

#2 Group plans, by AUMA1

#1 DC plans, by sales2,3

 

Hong Kong

MPF & ORSO

   US$37.8 billion

  184,000

  2.3 million

#1 MPF market, by AUMA5

#1 MPF market, by net cash flows6

 

Indonesia

Pension funds

   US$1.7 billion

   4,200

   0.7 million

#2 DC plans, by AUMA7

 

United States

Retirement plan services

  US$190.6 billion4

  54,000

   3.4 million

#2 Small case DC plans, by AUMA5

#1 Small case DC plans, by plans5

#3 Small & mid case DC plans, by sales5

 

 

Legend:

 Assets under management and administration (AUMA)         

 No. of retirement plans     

 Members enrolled

AUMA, Plan and Member Data as of Q2 2022

Footnotes: 
1. Based on 2021 data, for capital accumulation plans; Source: 2021 Fraser Group Universe Pension Report.
2. Q1 2022 data; Source: LIMRA.
3. Includes all DC plan business.
4. US Retirement assets include New York Life US Retirement business acquired in April 2015.
5. Small & Mid Size market includes all plans with less than US$50 million in assets; Source (by plans and sales): LIMRA 401kScorecard Q1 2022, Source (by AUMA): Plan Sponsor Magazine Recordkeeper Survey, data as of December 31, 2020.
6. Gadbury Group  MPF Market Shares Report as of Q2 2022.
7. Source: DPLK Association’s market rank by AUMA as of December 2021; Market rank by sales or cash flows is unavailable.

 


Learn more about Manulife PRS:

View brochure        View Manulife PRS Funds        

 

Opening a PRS account only takes a few minutes

 

Support

Customer Service

Tel: 03-2719 9271

Email: MY_CustomerService@manulife.com

Business hours: Monday-Friday, 8:45 a.m. – 5:30 p.m. 

Contact us

Important notice

WhatsApp scam alert & how to verify the status of a unit trust advisor. Click here for more information.

View more
Notice

We have migrated our website domain name to www.manulifeim.com.my.

View more
Important notice

WhatsApp scam alert & how to verify the status of a unit trust advisor. Click here for more information.

View more
Notice

We have migrated our website domain name to www.manulifeim.com.my.

View more
Confirm