CareTRUST™, A Living Trust For Your Care Needs
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.
For more information on CareTRUST™, please visit www.managedcare.com.my today.
For media assistance, please contact:
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.
To know more about Managedcare, go to www.managedcare.com.my.
About Rockwills Trustee Berhad
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.
To know more about Rockwills Trustee Bhd, go to www.rockwills.com
About Kenanga Investment Bank Berhad
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.
To know more about KenWealth, visit www.kenwealth.com
* based on 2015 year to date Bursa Malaysia’s Participating Organisations Trading Summary