October 29, 2024

Public Mutual honours corporations for promoting employee well-being through the Corporate Private Retirement Scheme

view original post

PUBLIC MUTUAL, a wholly-owned subsidiary of Public Bank, honoured corporations for their contributions and unwavering commitment to enhancing employee well-being and promoting financial security in retirement through their participation in the Corporate Private Retirement Scheme (PRS) Programme at the inaugural ESG Social Impact Recognition Awards 2024 ceremony, held on Oct 24 at EQ Kuala Lumpur.

Among the corporations recognised during the awards ceremony were:

PRS Vesting Programme

> Adventist Health Services (Malaysia) Sdn. Bhd.

> Adventist Hospital & Clinic Services (M)

> Armstrong Auto Parts Sdn. Berhad

> B-Global Sdn Bhd

> Janoschka Malaysia Sdn. Bhd.

> Lembaga Tabung Haji

> Precise Harvest Sdn. Bhd.

> Sekolah Menengah Keat Hwa (Persendirian)

> Suruhanjaya Sekuriti Malaysia

Salary Deduction Programme

> Aeon Co. (M) Bhd.

> Environment Idaman (Kedah and Perlis) Sdn. Bhd.

> Lembaga Tabung Haji

> Lonpac Insurance Bhd

> Pos Aviation Sdn. Bhd

> Senawang Indah Medical Centre Sdn Bhd

> Syarikat Air Darul Aman Sdn. Bhd.

Through its ESG Social Impact Recognition Awards, Public Mutual aims to inspire more corporations to enhance their employees’ retirement savings via its Corporate PRS Programme, while fostering a better financial future for their workforce.

To be eligible for the awards, corporations must maintain a minimum participation of 30 employees in the PRS Vesting Programme or Salary Deduction Programme and demonstrate three consecutive years of contributions.

Currently, there are more than 450 participating corporations under Public Mutual’s PRS Vesting Programme and/or Salary Deduction Programme.

These programmes enable employers to help their employees boost their retirement funds with the vesting of PRS funds able to be customised based on the employers’ preference.

Meanwhile, through the salary deduction option, employers can provide a payroll deduction facility for their employees to contribute to their retirement nest egg on top of their mandatory EPF contributions.

Public Mutual is Malaysia’s largest private unit trust company, with more than 180 funds under its management. It is also an approved PRS provider, managing nine PRS funds. It has a total of 31 branches/customer service centers nationwide.

investingideasdaily.com is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of investingideasdaily.com are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

The sender of this email makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of investingideasdaily.com websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.

Disclaimer: Past performance is no guarantee of future performance. This product is for educational purposes only. Practical application of the products herein are at your own risk and investingideasdaily.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Any trades shown are hypothetical example and do not represent actual trades. Actual results may differ. Nothing here in constitutes a recommendation respecting the particular security illustrated.