Prime Glove enhances PRS scheme to assist worker wellbeing


KUALA LUMPUR: Prime Glove Corp Bhd has enhanced its Non-public Retirement Scheme (PRS) by partnering with monetary providers supplier Manulife Funding Administration (M) Bhd, iFAST Capital Sdn Bhd, and UOB Kay Hian Wealth Advisors Sdn Bhd.

In an announcement at this time, the glovemaker mentioned via Manulife’s PRS scheme, Prime Glove will be capable to make a contribution for its workers through the iFAST built-in on-line platform and can have entry to the total vary of the Manulife PRS collection which includes each typical and Shariah- compliant PRS funds.

It mentioned that as an employer of option to a workforce of twenty-two,000, a part of safeguarding the wellbeing of its workers is making certain that they’re financially ready to face their retirement years.

Managing director Datuk Lee Kim Meow mentioned alternatives for private {and professional} progress, in addition to aggressive rewards and remuneration such because the PRS, are key to attracting and retaining expertise.

“We see providing the PRS, together with our different worker insurance policies and initiatives, as being consistent with three of the United Nations Sustainability Improvement Targets, particularly to finish poverty in its varieties in all places (SDG1), guarantee wholesome lives and promote wellbeing for all in any respect ages (SDG3), and promote sustained, inclusive and sustainable financial progress, full and productive employment and first rate work for all (SDG8).

“Apart from offering our workers with a protected and wholesome work setting, we additionally be certain that our workers earn a good revenue, and, via the PRS, enhance their retirement nest egg, which might allow them to have a greater and more healthy life of their retirement years,” he mentioned.

The corporate had launched the PRS in February 2016, and has made a web contribution of RM12.55 million in the direction of the scheme to date. – Bernama

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