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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 2030)^.
  • 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 2030)^.
  • 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

C$88.4 billion AUMA1

29.7% market share2
#2 in sales2


Hong Kong

US$49.3 billion AUMA1

#1 (27.8%) MPF market, AUMA5
#1 MPF market, net cash flows5

United States

US$246.8 billion AUMA1

#2 in sales for plans <US$5M3
#4 in sales for plans US$5M-US$25M3
#2 in sales for plans US$25M-US$100M3

 

 

Indonesia

US$1.8 billion AUMA

#3 (17.6%) DPLK market, AUMA6

 

Malaysia

US$36 million AUMA

#7 (2.1%) PRS market, AUMA4

 

 

Philippines

US$22 million AUMA7

 

 

Note: Assets under management and administration (AUMA)

Footnotes: 
Global Wealth & Asset Management (Internal view) metrics, as of Q4 2024.
2 LIMRA, Q4 2024. LIMRA, a worldwide research, learning and development organisation, is the trusted source of industry knowledge. Established in 1916, LIMRA has been helping more than 850 insurance and financial services companies in 64 countries increase their marketing and distribution effectiveness through industry research and training.
LIMRA, <US$100M market segment, Rolling 4Q as of Q3 2024.
4 PPA PRS Industry Report. The Private Pension Administrator Malaysia (PPA) is the central administrator for the Private Retirement Schemes (PRS).
Mercer MPF Market Shares Report as of Q4 2024. Mandatory Provident Fund (MPF) is a compulsory retirement savings system in Hong Kong.
DPLK Association’s market rank by AUMA as of Q4 2024; market rank by sales or cash flows is as of June 2024. Dana Pensiun Lembaga Keuangan (DPLK) Indonesia’s private pension schemes.
Manulife affiliates’ AUM, as of Q4 2024.

 

Start now with a regular savings plan (RSP) with Manulife iFUNDS today

Start a regular savings plan from RM100 with Manulife iFUNDS today!

Planning for retirement isn't just about you, it’s also to secure a legacy for generations to come.

From removing the financial weight of elder care, to fostering healthy financial habits, it paves the foundation for future generations to grow from.

Start a sustainable retirement journey early. Contrary to popular belief, investing is affordable at just RM100 per transaction with Manulife Private Retirement Scheme (PRS).

Investing is also easy and seamless with an automated regular savings plan (RSP) via Manulife iFUNDS and support from our profession advisers.

Start small, start today.

Start a regular savings plan from RM100 with Manulife iFUNDS today!

Planning for retirement isn't just about you, it’s also to secure a legacy for generations to come.

From removing the financial weight of elder care, to fostering healthy financial habits, it paves the foundation for future generations to grow from.

Start a sustainable retirement journey early. Contrary to popular belief, investing is affordable at just RM100 per transaction with Manulife Private Retirement Scheme (PRS).

Investing is also easy and seamless with an automated regular savings plan (RSP) via Manulife iFUNDS and support from our profession advisers.

Have peace of mind knowing that your retirement nestegg will be managed by Manulife Investment Management, a trusted major global retirement provider.

Start small, start today.

Opening a PRS account only takes a few minutes


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)

 

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

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