May 2019

28May

AmInvest named Malaysia’s best pension fund manager

AmInvestment Bank’s fund management arm, AmInvest was named Malaysia’s Best Pension Fund Manager by Asia Asset Management, an Asian asset management publication based in Hong Kong. The selection was made after a three-year and five assessment period of AmInvest’s management performance for its domestic pension mandates and Private Retirement Scheme (PRS) fund, the size of these mandates and returns against relevant benchmarks, as well as investor education initiatives undertaken. “Our ability to understand and anticipate the ever-changing market environment...

May 28, 2019
News, Slider,
Read more...

September 2018

28Sep

Malaysia. Khalid: Brace for challenges brought on by ageing society

KUALA Lumpur should brace itself for an ageing population and climate change. Federal Territories Minister Khalid Abdul Samad said proper city planning, development and management was critical as 77% of the country’s population lived in cities. “A large population in our cities will mean urbanisation challenges such as solid waste disposal, traffic congestion, air pollution, limited water resources, inadequate supply of housing and an increase in ageing population. “Malaysia will become an ageing society by 2040 in which almost 20% will be...

September 28, 2018
News, Slider,
Read more...
26Sep

Important to address Malaysia’s ageing population

THE ageing population in Malaysia is rising and necessary steps are crucial to prepare for this unprecedented demographic patterns, said deputy health minister Dr Lee Boon Chye. He said people over 65 years of age comprise between 15% and 30% of the population, with the elderly population growing at a rate of 2.4% yearly.  Dr Lee said by the end of the century, the ageing population would increase to 35%. “In Japan and other developed countries, 50% of the population will be...

September 26, 2018
News, Slider,
Read more...
17Sep

Malaysia’s second largest pension fund to restructure

Malaysia’s second largest pension fund is to undergo a revamp that will include the creation of a deputy chief executive officer (CEO) position and the appointment of a new chief investment officer (CIO), according to its top executive. The move comes after CIO Nik Amlizan Mohamed recently left Kumpulan Wang Persaraan (KWAP), a pension fund for civil servants, to head Malaysia’s Armed Forces Fund board. The restructuring may take “a couple of months” to complete, KWAP CEO Wan Kamaruzaman Wan Ahmad...

September 17, 2018
News, Slider,
Read more...

February 2018

08Feb

Malaysia’s KWAP aims to have 70% of AUM be ESG-compliant

Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, hopes to have 70% of its assets under management (AUM) be environmental, social and governance (ESG)-compliant. KWAP, a pension fund for civil servants, had AUM of 137 billion ringgit (US$32.1 billion) as at end-September 2017. Wan Kamaruzaman Wan Ahmad, the fund’s chief executive officer, says currently, about 50%-60% of the AUM comply with ESG principles. Read More: Asia Asset

February 8, 2018
News, Slider
Read more...

November 2017

15Nov

Malaysia’s $30bln pension fund to allocate more money

Malaysia´s Retirement Fund Inc aims to lift the overseas portion of its investment portfolio to as much as 15 percent from 12, as the $30 billion pension fund looks to boost performance while domestic returns slow, its chief executive told Reuters. Kumpulan Wang Persaraan (KWAP) - the fund´s local name - will review its asset allocation strategy in the new year, Wan Kamaruzaman Wan Ahmad said at Reuters Global Investment 2018 Outlook Summit. Its current international investments include U.S. ride-hailing firm...

November 15, 2017
News, Slider
Read more...
13Nov

The State of the Nation: Filling the gaps in Malaysia’s pensions framework

MALAYSIAN employers can do more to help their employees prepare for retirement and play a larger role in building up a more sustainable pension programme here, says global human resources consultancy Mercer. While the existing pension infrastructure has solid foundations, there are gaps to address to ensure the longer-term sustainability of the system moving forward, according to Hash Piperdy, CEO of Mercer Malaysia. “While it feels like some of these problems are many years in the future, there are decisions we...

November 13, 2017
News, Slider
Read more...

July 2017

13Jul

Malaysia. ANZ Bank nears deal to sell Malaysian banking stake to pension fund: sources

Australia and New Zealand Banking Group (ANZ.AX) is near a deal to sell its Malaysian banking stake to a pension fund and exit the Southeast Asian nation, sources familiar with the matter said, in a transaction that could be worth around $900 million. ANZ has been pursuing a sale of its 24 percent stake in its Malaysian affiliate AMMB Holdings (AmBank) (AMMB.KL) since early last year as part of a strategy to divest minority stakes in Asia and as AmBank...

July 13, 2017
News, Slider
Read more...

May 2017

25May

Malaysia is ageing

We are getting old. The statistics show Malaysia's inevitable march towards a difficult milestone - that of an ageing nation. An ageing society is defined as having a minimum seven per cent of its population aged 65 and older, while an aged nation has 14 per cent or more in that age group. The United Nations Economic and Social Commission for Asia and the Pacific's 2016 population data sheet shows that as of last year, Malaysians aged 60 and above comprise...

May 25, 2017
News
Read more...