A new private retirement scheme
KUALA LUMPUR: Under the Capital Masterplan 2, a new private retirement scheme approved by the Securities Commission would also be in place by year-end.
“This would promote greater diversity in the management of long-term savings. Alongside this, the ability of fund managers to invest directly will be facilitated through expanding the range of legal structures for the pooling of investment,” Prime Minister Datuk Seri Najib Tun Razak said at Invest Malaysia 2011 today.
“This would promote greater diversity in the management of long-term savings. Alongside this, the ability of fund managers to invest directly will be facilitated through expanding the range of legal structures for the pooling of investment,” Prime Minister Datuk Seri Najib Tun Razak said at Invest Malaysia 2011 today.
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| Prime Minister Datuk Seri Najib Tun Razak delivering his keynote address at the Invest Malaysia 2011 at Shangri-La hotel in Kuala Lumpur on Tuesday. |
He said efforts would be made to attract specialist fund managers to promote greater diversity in investment strategies, strengthening the links between national savings and economic growth.
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