javern lim cim, amtc, mba, cfp, rfp, shariah rfp founder & group managing director cum licensed...
TRANSCRIPT
Javern Lim CIM, AMTC, MBA, CFP, RFP, Shariah RFP
Founder & Group Managing Director cum Licensed Financial Planner
Public Behavior – Retirement AwarenessIndustrial
Challenges
website: www.vka.com.my email: [email protected]
VKA Wealth Planner Sdn. Bhd.(A Financial Planning Firm Licensed By Securities Commission & Bank Negara Malaysia)
Public Behavior
Retirement Awareness
No 1 Regret Thing In Life –“Never Save Enough”
根据信贷咨询与债务管理机构（ AKPK）的数据显示，在前来寻求帮助的 17万名大马人当中，
有 24% 的人民因为医药费的支出而陷入财务困境，成为总数之冠。
根据信贷咨询与债务管理机构（ AKPK）的数据显示，在前来寻求帮助的十六万名大马人当中，有百分之二十六（ 26%）的人民因为医药费的支出而陷入财务困境，成为总数之冠。According to the date from credit counseling and debt management agency (AKPK) show that among the 160,000 people come to seek help, 26% of them in financial distress are actually caused by unexpected medical expenses.
According to the date from credit counseling and debt management agency (AKPK) show that among the 170,000 people come to seek help, 24% of them
in financial distress are actually caused by unexpected medical expenses.
Strictly for training purpose only
High Medical Fee : Main causes of financial woes in Malaysia
Retirement Fear & Concerns
Insufficient of retirement savings…
Increasing Medical & Nursing Care Costs
Fast growing aging population and as mortality rates declining, pension system
have not been adjusted according.
“ Having a private
pension fund is a vital aspect of
the agenda”
QUOTE OF THE DAY
3 Main Reasons Why People Fail?
Don’t know how much they need to save?
No discipline in savingNo Plan (flexible plan!)
PRS is the SOLUTION!
Industrial Challenges
Regulators
PRS Providers
PRS Distributor
PRS Members
Effective intermediation for a high value-added and high-income economy
Financial Sector Blueprint 2011 - 2020
Strictly for training purpose only
RegulatorsSC is empowered by law to develop
regulatory & supervision frame work for PRS industry & putting all in place.
The challenges now are:To ensure the system to be implemented
successfully.To build public trust toward PRS industry.Continuous of public finance education about
PRS (Regulator or Providers’ duties?)
Strictly for training purpose only
Providers
Huge initial investment but very profitable over long term.
Economy of scaleChanging PRSC mindset in dealing with
PRS biz (conflict with existing agency model).
Different Providers with different marketing strategies.
PRS is a separate licensing under FIMM
Strictly for training purpose only
PRS Distributors
Individual/Corporate/Institutional Distributor
PRS framework will eventually changing the way consultants conduct their business by adopting holistic approach (lower front end fees but earning profits thru growing clients’ AUM).
Is PRS a business opportunity or threat for me?
Strictly for training purpose only
Contributors (PRS Members)
Trust EPF (Capital preservation with min guaranteed of 2.5% payout annually)
PRS is a new toy in town (lack of awareness)
“Wait & See” attitude
Why PRS is an Ideal Solution for a Holistic Retirement Planning?
Doing PRS Investment or Business
DisclaimerThis presentation was prepared by VKA Wealth Planners Sdn Bhd
The information contained in this presentation has been obtained from public sources believed to be reliable and the opinions, analysis, forecast, projections and expectations (together “Opinions”) contained in this presentation are based on such information and are expressions of belief only. No representation or warranty, express or implied, is made that such information or Opinions is accurate, complete or verified and it should not be relied upon as such information and Opinions contained in this presentation are published for recipients' reference only, but are not to relied upon as authoritative or without the recipients' own independent verification or in substitution for the exercise of judgment by any recipient, and are subjected to change without notice.
This presentation is not, and should not be construed as, an offer document or an offer or solicitation to buy or sell any investment.
Website: www.vka.com.my Email: [email protected]