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What are the fees charged by the PPA? What is PPA?

  • PPA account opening fee: RM10

  • PPA annual fee: RM8

  • PPA pre-retirement withdrawal fee : Waived

  • PPA transfer PRS provider fee (to another PRS provider) : Waived

  • Annual PPA administration fee (accrued daily based on the NAV of the fund and paid monthly): 0.04% of the fund’s NAV

 

Private Pension Administrator ('PPA') is regulated by the SC. PPA aims to promote efficiency and convenience to the PRS members through its functions, which include:

 

  • To provide a one-stop administrative framework for the growth and operation of the PRS landscape

  • To facilitate all the inquiries and transactions requested by the members

  • To provide the PRS related information in order to create awareness and educate the public on the PRS

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