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Principal Retirement And Investment Conference 2022 Underlines The Value Of Retirement Savings

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Principal Asset Management (“Principal”) successfully held its 6th annual Corporate Retirement and Investment Conference underlining the value of retirement savings. Through 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, 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 on financial security to address these social challenges. In the same vein, the commitment is also the impetus for 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 Office, 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.

About Principal®

Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at www.principal.com.

Principal Financial Group® (Nasdaq: PFG) is a global financial company with 18,000 employees[1] passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 49 million customers[2] plan, insure, invest, and retire, while working to support the communities where we do business, improve our planet, and build a diverse, inclusive workforce. Principal® is proud to be recognized as one of the World’s Most Ethical Companies[3], a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management[4].” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.

[1] As of September 30, 2021.
[2] As of September 30, 2021.
[3] Ethisphere Institute, 2021.
[4] Pensions & Investments, 2020.

About Principal Asset Management Berhad

Principal Asset Management Berhad, is a joint venture between Principal Financial Group®, a member of the FORTUNE 500® and a Nasdaq-listed global financial services company and CIMB Group Holdings Berhad, one of Southeast Asia’s leading universal banking groups.  

Established on 13 June 1994, Principal Asset Management Berhad is headquartered in Malaysia with footprint across Indonesia, Thailand, and Singapore. In Malaysia, the company serves more than 2 million investors with unit trust, retirement schemes, discretionary mandates, and asset management solutions to help make financial security accessible to more investors.

Principal is committed to expanding the population of those living in financial security, doing so through long-term, responsible actions and creating opportunities for generations to come.

For more information, visit www.principal.com.my or follow us on www.facebook.com/PrincipalAssetMY/.

Principal, Principal and symbol design are trademark and service marks of Principal Financial Services, Inc. a member of the Principal Financial Group®.

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