KUALA LUMPUR, 16 February 2017: – To enable Malaysians to enjoy an elevated standard of retirement, accessibility to care services and financial planning services will be boosted in a joint initiative by Managedcare Sdn Bhd (“Managedcare”), a wholly-owned subsidiary of Aged Care Group Sdn Bhd, and FA Advisory Sdn Bhd, a member of the Singapore-based Financial Alliance Group.
The Memorandum of Understanding (“MoU”) was inked to achieve the shared vision through mutual promotion and referrals of relevant services and products relating to finance and care. The public will benefit through education and advocacy activities from both parties that will lead to human-centred retirement and purposeful long-term care plans.
The collaboration seeks to address the nation’s ageing demographics and promote the urgent need for holistic planning that takes long term care into account with proper financial planning. The aim is to bridge the gap and bring to the market financial planning services that encompass care administration services with long term care planning.
As the Care Administrator, Managedcare will ensure that the quality of care received is in sync with the client’s health and long-term care plan. As a one-stop care platform, they will coordinate, monitor and administer a variety of healthcare and service provisions to ensure optimum value of care for the clients’ overall wellbeing.
“What we do in our care is by adopting a person-centred approach. This means we make sure that all of our products and services fulfils the physical, emotional, mental, social and financial part of the person as all of these parts are inter-related.” Says Carol Yip, CEO of Managedcare Sdn Bhd.
As the financial planner, FA Advisory will structure the financial aspect based on its tried and tested advisory mode l ̶ the Five Pillars of Wealth. The model addresses wealth protection, wealth maintenance, wealth accumulation, wealth enhancement and wealth distribution, so it comprehensively covers all the essential elements of an individual’s financial planning needs. With this extraordinary model, an integrated solution for a fulfilling retirement plan is developed.
“We see the synergy between Managedcare and FA Advisory because one of our shared aspect is retirement planning. Malaysia is an ageing population, but many do not see the urgency of this due to many financial obligations in other areas. However, this is as important because many surveys have shown Malaysians are not saving enough for retirement.” Says Tang Khan Loon, Director of FA Advisory Sdn Bhd.
Both Managedcare and FA Advisory urge Malaysians to start planning now in order to enjoy a decent post retirement lifestyle, especially when it comes to having sufficient funding for their long term care needs. As an ageing population, the imminent growth of the retirement and aged care industry makes it an attractive endeavour.
KUALA LUMPUR, 24 February 2016: – Managedcare Sdn Bhd (“Managedcare”), a wholly-owned subsidiary of Aged Care Group Sdn Bhd, today inked a Collaboration Agreement for the launch of CareTRUST™ with Rockwills Trustee Berhad (“Rockwills Trustee”) and the Wealth Management arm of Kenanga Investment Bank Berhad (“KenWealth”).
CareTRUST™ is a living trust where an individual’s monies are set aside to ensure provision of continuum care that is financially stable in the event of failing health and or long term retirement care. The collaboration aims to address the nation’s ageing demographics and to provide the public an effective solution for the administration of care. It embodies a shared vision among all three organisations to create an integrated framework that will spur a catalytic change in retirement and aged care that will elevate the industry to be on par with other regional countries.
As the Care Administrator for CareTRUST™, Managedcare will be responsible to ensure that the quality of care received is in sync with the client’s health and long-term care plan. They will coordinate, monitor and administer a variety of healthcare and service provisions to ensure optimum value of care for our clients’ overall wellbeing.
According to Carol Yip, CEO, Managedcare, “There is a void to fill in the Malaysian financial planning space for sustainable retirement care. We believe that through the introduction of CareTRUST™, complemented with its unique characteristics of integrating various care services, we will narrow the gap and provide the type of care Malaysians are looking for. CareTRUST™ aims to address issues such as longevity risk, medical inflation, insufficient savings and the high cost of living. The possibility of needing long-term care is very real as we move towards an ageing society. The collaboration sets a strong foundation to assist individuals in attaining sustainable financial affordability to purchase an array of quality care services.”
Ismitz Matthew De Alwis, CEO, Kenanga Investors Berhad speaking on behalf of KenWealth, “This collaboration marks a new milestone for the retirement and aged care industry to fulfil the need for an integrated financial and healthcare framework especially for the ageing population. At Kenanga, we are committed to providing sustainable retirement investment solutions to all Malaysians.
Rockwills Trustee is the independent trustee for CareTRUST™ and is given custodial rights to manage the funds. As a Trustee they will safeguard the client’s interests by monitoring and disseminating the monies for care according to their instructions.
CareTRUST™ encourages Malaysians to sustain a decent post retirement lifestyle and sufficient funding for their long term care needs. With an ageing population, the imminent growth of the retirement and aged care industry makes it an attractive endeavor. For organisations and individuals who are interested to participate in this ecosystem which offers tangible opportunities can engage Managedcare at email@example.com.
Managedcare Sdn Bhd
Tel: 03-2142 7166
K & N Kenanga Holdings Berhad
Group Marketing & Communications
Chuah Sze Phing / Tracy Anne Leong DID: +603 – 2079 1293 DID: +603 – 2079 1332
Email: firstname.lastname@example.org / Email: email@example.com
About Managedcare Sdn Bhd
Managedcare is in the business of coordinating a variety of healthcare and long-term care services as well as the administration of these services to achieve optimum value in terms of quality and affordability.
We bring to market products and services that ease the provision and access to care, giving you the peace of mind you deserve. Our vision is to meet the growing demand of care at a price, quality and vicinity/locality that is sustainable for different income levels.
We strive to achieve our vision by providing a one stop platform that delivers information on health and aged care related services & products and maximising the provision of the client’s care in terms of cost efficacy, volume, delivery and intensity of services provided.
Rockwills Trustee Berhad is a Trust Corporation incorporated in Malaysia and registered under the Trust Companies Act 1949. Rockwills Trustee is part of the Rockwills Group of Companies. We are committed in providing innovative, comprehensive and professional Estate Planning and Trustee services.
Today, Rockwills Trustee Berhad has more than 70,000 appointments as Executor and Trustee. We are currently managing about RM2 billion worth of assets under trust for our clients.
Kenanga Investment Bank is a one-stop solution centre offering equity broking and corporate advisory services and strategy to meet business and capital market needs. It is one of Malaysia’s top three stockbrokers*, the largest independent investment bank* by equity trading volume and value, as well as one of the top three brokerage houses in Malaysia.
Our clients enjoy:
convenience through more than 30 locations throughout Malaysia
one of the largest remisier network in the country
comprehensive financial products and services
We offer a wide range of products and services such as corporate and institutional coverage, corporate finance, debt capital markets, equity capital markets, corporate banking, Islamic finance, equity broking, equity derivatives and structured products, treasury as well as investment research and advisory services.
KenWealth is the Wealth Management division of Kenanga Investment Bank that enables the pursuit of financial security through careful strategic wealth management and planning. KenWealth aims to offer a myriad of options, flexible financial planning solutions, and access to a comprehensive range of products as well as tailored financial advisory services.