Principal Asset Management (“Principal”) successfully held its 6th annual Corporate Retirement and Investment Conference underlining the value of retirement savings.
During the conference, Principal reiterates the importance of sustainable retirement planning and a robust voluntary pension ecosystem that can ensure holistic retirement security for all Malaysians.
Attended by around 200 participants comprising investors, partners, regulators, and employers, the Principal advocated for better retirement and investment management as Malaysians face multifaceted social challenges namely health, economic and retirement well-being.
“A retirement safety net is much more relevant now that we emerged from the pandemic. Whilst the statistics by EPF showed that only 3% of contributing members can afford a comfortable retirement pre-pandemic, the situation would have been escalated by the pandemic as many Malaysians during the time struggled to keep their families and businesses afloat,” said Munirah Khairuddin, Chief Executive Officer and Country Head of Principal Malaysia.
She adds, “The goal of elevating financial literacy and inclusivity that we share across the room and all over Malaysia, requires a systemic, sustained, and coordinated approach.”
After two years since the last Principal Retirement and Investment Conference, Principal echoes its commitment to financial security to address these social challenges. In the same vein, the commitment is also the impetus for the Principal’s end-to-end corporate retirement solutions advancing in lockstep employee well-being and enriching employee experience.
Pat Halter, President, Principal Global Asset Management and Chief Executive Officer, Principal Global Investors, and Kirk West, Executive Director of Principal Global Investors were also present and shared with the participants their global investment landscape on the back of rising inflation and economic volatility.
The conference continued with insightful discussion on sustainable retirement and market outlook by distinguished guests and company leaders. Panel speakers, Nurhisham Hussein, Chief Strategy Officer, Employee Provident Fund (EPF); Dr. Juita Mohamad, Director of Economics and Business Unit and Acting Director of Research, IDEAS; Ho Chee Seng, Regional Group HR, CIMB Group; and Suraya Zainuddin, Founder of Ringgit oh Ringgit, dived into topics of personal finance and employee wellbeing touching on aspects of financial, physical, and mental preparedness heading into the retirement years.
With over 140 years of experience in helping customers plan, protect and invest for their futures through retirement, and asset management solutions, Principal is committed to helping more people achieve their financial goals. Learn more about Principal’s retirement solutions at www.principal.com.my or call 603-7723 7260.
