Friday, 21 Feb 2020 07:55 PM MYT
The move provides more flexibility in asset allocation for PRS funds, such as allowing conservative funds to invest in foreign markets and exchange-traded funds based on physical gold to increase asset diversification into alternative investments. “This will help to reduce the market risk exposure for members who opt for default funds that are matched against their age,” it said.
“Members are allowed to make withdrawals for self or immediate family members to cover for 91 types of illnesses, including paying for medical equipment or medication for the approved illnesses.
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