A total of 250 participants comprised of MMU students and staff as well students from other universities attended a talk entitled ‘Private Retirement Scheme (PRS)-Never Too Young To Start’ at Faculty of Management (FOM) lecture theatre at MMU Cyberjaya campus, recently. The talk was jointly organised by Centre for Consumer and Research Education (CeCore), FOM and Student Affairs Division (STAD) together with Private Pension Association (PPA). The objective of the talk was to spread the awareness on the importance of having adequate savings for the retirement.

PRS is a voluntary long-term savings and investment scheme designed to help people to save more for the retirement. It seeks to enhance choices available for All Malaysians whether employed or self-employed to supplement their retirement savings under a well-structured and regulated environment.

During the event, 44 lucky students were selected to receive RM200 each in the form of retirement account with a total sponsored of RM8,800, awarded by eight PRS’s providers; Affin Hwang Asset Management Berhad,  AIA Pension and Asset Management Berhad, AmFunds Management Berhad, CIMB-Principal Asset Management Berhad, Kenaga Investors Berhad, Manulife Asset Management Services Berhad, Public Mutual Berhad and RHB Asset Management Berhad.

Meanwhile, the same session was also held in Melaka campus recently, with approximately 300 students from Foundation, Diploma and Undergraduates programmes attended a talk at the main hall. Eight PRS providers were invited to participate and exhibition booths were set up to provide convenience to MMU community to enquire about PRS.

Retirement for now may seem very far away in the future. But, ideally, planning for retirement should take place after the student graduated and start of their career life.  The talk has served as an eye opener for the students with regards to financial planning and it is hoped that students appreciate the phrase of “Never too young to start”.