Abstract:

The lost of RM600 million in 2006 in unit trust investment through Employee Provident Fund (EPF) is something to be remembered and think over.  With coming of Private Retirement Scheme (PRS), where investors are allowed to invest in unit trust as a complement to their compulsory saving opens a new dimension to the unit trust industry.  Income tax relief of RM3000 on top of the existing RM6000 tax break for EPF and insurance is indeed a big lure for many Malaysian.