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Javern Lim CIM, AMTC, MBA , CFP, RFP, Shariah RFP

Public Behavior – Retirement Awareness. Industrial Challenges. Javern Lim CIM, AMTC, MBA , CFP, RFP, Shariah RFP Founder & Group Managing Director cum Licensed Financial Planner. VKA Wealth Planner Sdn . Bhd.

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Javern Lim CIM, AMTC, MBA , CFP, RFP, Shariah RFP

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  1. Public Behavior – Retirement Awareness Industrial Challenges Javern LimCIM, AMTC, MBA, CFP, RFP, Shariah RFP Founder & Group Managing Director cum Licensed Financial Planner VKA Wealth Planner Sdn. Bhd. (A Financial Planning Firm Licensed By Securities Commission & Bank Negara Malaysia) website: www.vka.com.my email: javernlim@vka.com.my

  2. Public Behavior Retirement Awareness

  3. No 1 Regret Thing In Life –“Never Save Enough”

  4. 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. 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。 High Medical Fee : Main causes of financial woes in Malaysia 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

  5. 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.

  6. QUOTE OF THE DAY “ Having a private pension fund is a vital aspect of the agenda”

  7. 3 Main Reasons Why People Fail? • Don’t know how much they need to save? • No discipline in saving • No Plan (flexible plan!) PRS is the SOLUTION!

  8. Industrial Challenges Regulators PRS Providers PRS Distributor PRS Members

  9. Effective intermediation for a high value-added and high-income economy Financial Sector Blueprint 2011 - 2020

  10. Regulators • SC 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

  11. Providers • Huge initial investment but very profitable over long term. • Economy of scale • Changing 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

  12. 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

  13. 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 Strictly for training purpose only

  14. Why PRS is an Ideal Solution for a Holistic Retirement Planning?

  15. Doing PRS Investment or Business

  16. Disclaimer This presentation was prepared by VKA Wealth Planners SdnBhd 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.

  17. Website: www.vka.com.my Email: enquiry@vka.com.my

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