Skip to main content
Back
607033985

Manulife Private Retirement Scheme, a voluntary long term investment scheme that accumulates savings for a sustainable retirement 

Manulife PRS

Manulife Private Retirement Scheme, 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.

 


For retail investors learn more about Manulife PRS here:

View Manulife PRS Funds                View Manulife PRS Brochure

 


For corporate investors learn more about Manulife Corporate PRS here:

View Manulife Corporate PRS Brochure        View Manulife Corporate PRS Brochure (BM)        View Manulife Corporate PRS Brochure (Chinese)

 

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

Help us to serve you betterClick here to find out how you can update your Information today!

View more

Help us to serve you betterClick here to find out how you can update your Information today!

View more
Confirm