PRIVATE RETIREMENT SCHEME EXPECTED TO CREATE NEW JOBS, FACILITATE SKILLS TRANSFER
Source: Bernama, 31 October 2012
Manulife Asset Management Services Bhd expects the launch of Malaysia’s Private Retirement Scheme to create new jobs and benefit for Malaysians through the skills and technology transfer that is required to kick-start the private retirement planning industry.
The new private retirement landscape is expected to create 2,200 new jobs and negate an incremental RM2.1 billion gross national income in the financial services sector. As part of its preparations to launch the scheme, the company aims to recruit and train new talents as well as introduce technology from Manulife Financial’s worldwide pension operations at the local level.