CIMB-Principal Asset Management Bhd recently honoured its top Corporate Private Retirement Scheme (PRS) partners, including Celcom Axiata Berhad, S.L.NG & Associates, IJM Corporation Berhad and Cuckoo International (MAL) Sdn Bhd, for their efforts in providing the best investment retirement solutions for their employees, in conjunction with the company\u2019s third annual corporate PRS conference.\u00a0<\/p>\n
This was the first year of the PRS conference in which CIMB-Principal started recognising corporate employers who had gone the extra mile to provide their employees with the opportunity to save for their pension by investing in CIMB-Principal\u2019s PRS funds approved by the Securities Commission Malaysia.\u00a0<\/p>\n
The event was attended by Effendy Shahul Hamid, CEO, Group Asset Management and Investments, CIMB Group and Renee Schaaf, Senior Vice President and Chief Operating Officer, Principal International, who were joined by 100 corporate clients including senior representatives of the top corporate PRS winners.\u00a0<\/p>\n
Munirah Khairuddin, Chief Executive Officer of CIMB-Principal commented, \u201cWe are honoured to have this opportunity to recognise corporates who have been proactive in facilitating their employees\u2019 contribution to the Private Retirement Scheme.\u201d<\/p>\n
\u201cRetirement planning is a crucial aspect of one\u2019s financial independence and corporates that help their employees build a comfortable nest egg prove their commitment towards their employees\u2019 well-being even beyond their working years. This supports talent retention and employee loyalty, a major part of the \u2018engine\u2019 behind every successful, sustainable business.\u201d\u00a0<\/p>\n
A total of 16 awards were given out to the top corporate PRS employers under the categories of \u2018large & medium corporations\u2019 and \u2018SMEs\u2019. The accolades were awarded based on a set of specific criteria including size of retirement assets accumulated, number of employees enrolled as well as employers\u2019 contribution to the retirement assets.\u00a0<\/p>\n
The PRS industry is still at its infancy but had shown encouraging growth over the past five years. It has over 260,000 active members who have collectively saved and invested approximately RM1.8 billion via PRS for their retirement.\u00a0<\/p>\n
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CIMB-Principal Asset Management Bhd recently honoured its top Corporate Private Retirement Scheme (PRS) partners, including Celcom Axiata Berhad, S.L.NG & Associates, IJM Corporation Berhad and Cuckoo International (MAL) Sdn Bhd, for their efforts in providing the best investment retirement solutions for their employees, in conjunction with the company\u2019s third annual corporate PRS conference.\u00a0 This was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-1099","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1099"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1099\/revisions"}],"predecessor-version":[{"id":5223,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1099\/revisions\/5223"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}