“Go PRS, Get Treats!” Rewarded Malaysians who save for Retirement
The inaugural contest highlights the convenience of starting a retirement fund online and underscores the importance of financial literacy
“Go PRS, Get Treats” Grand Prize recipient Lim Tzyy Wee
PETALING JAYA (24 January 2020): Private Pension Administrator Malaysia’s (PPA) inaugural “Go PRS, Get Treats” contest saw Malaysians throughout the country participating and taking the initiative to plan as well as save for their future with the Private Retirement Schemes (PRS), a voluntary long-term savings and investment scheme.
The Grand Prize of RM3,000 in PRS units went to Selangor resident Lim Tzyy Wee, who received his reward during a prize presentation ceremony organized by PPA. It was a case of double happiness for Lim as he was also among the 80 recipients of a PRS Treat, worth RM100 in PRS units, awarded through the contest’s monthly draw, from August to November 2019.
“I only came across PRS two years ago and had some extra money to save in 2019,” the 33-year-old Lim said. “I don’t really have much time outside working hours, so I personally like how simple the online process is to enrol for a PRS account. The whole process took less than 30 minutes.”
“The PRS Online service was developed with individuals like Lim in mind,” said Husaini Hussin, CEO of PPA. “In the age of fintech where people are comfortable getting their information online, they would naturally do their own research and read through the information provided on PPA’s website.”