Mixed views on private retirement scheme (The Star, 7 December 2011)

PETALING JAYA: Fund managers are mixed on the feasibility of setting up a private retirement scheme (PRS), as they need to know how it is governed and how different it is from a typical unit trust.

On Monday, the Securities Commission (SC) finalised the eligibility requirements for PRS providers. The recent enactment of the Capital Markets and Services Amendment Act 2011 provides the regulatory framework for a PRS industry, including empowering the SC to approve the providers.

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