My PRS Transfer Journey of Consolidating Retirement Funds via FSMOne

✨ Motivation

As part of my CoastFIRE journey, I decided to consolidate my PRS (Private Retirement Scheme) investments, which were scattered across multiple PRS Providers. This made it difficult to track performance and plan my long-term retirement strategy.

🎯 Goal

To consolidate everything into one fund: Principal PRS Plus Asia Pacific Ex-Japan Equity – Class C, accessible via FSMOne.

📦 Original Holdings

🔄 Switching vs Transferring

Even though all funds were visible in FSMOne, Manulife and AmFunds are different PRS Providers from Principal.

So this required:

• ✅ Transfer, not switch
• ✅ Two separate PPA Transfer Forms

📋 Documents Required

For each provider, I prepared:

• ✅ PPA Transfer Form (CAPITAL LETTERS, black ink, hand-signed)
• ✅ FSMOne Transfer Instruction Form
• ✅ FSMOne Consent Letter
• ✅ NRIC front & back (printed vertically on A4)
• ✅ Latest PRS account statement

📬 Delivery Decision

FSMOne allows walk-in submission to:

FSMOne
Level 29, Menara AIA Sentral
No. 30, Jalan Sultan Ismail
50250 Kuala Lumpur

However, I opted for Pos Malaysia Registered Mail (Pos Daftar) from Lotus’s Pusat Bandar Puchong Post Office.

• 📦 Tracking Code: RYXXXXXXXXXMY
• 📅 Sent: 18 January 2025

You can track Pos Daftar online.

📧 Email Communication

I emailed Jecci from FSMOne’s PRS support team to confirm:

• ✅ All documents were in order (before mailing)
• ✅ Documents were sent via registered mail
• ✅ Awaiting internal processing and confirmation

🕒 What Happens Next?

The transfer process takes 1–2 months:

1. FSMOne verifies and forwards documents
2. Manulife & AmFunds redeem units
3. Principal allocates new units
4. All tracked via https://www.ppa.my

💡 Lessons Learned

• 📝 Only 1 transfer per PRS provider per year
• 🖋️ Fill forms carefully — no correction tape, no errors
• 🧾 Registered mail is safe, affordable, and trackable
• 📂 Pre-check your documents with FSMOne before sending

✅ Result

Soon, all my PRS investments will be in one fund I trust — with better performance tracking, portfolio focus, and peace of mind.

🗨️ Want Help?

Feel free to contact me or leave a comment — I’m happy to share my template, walk you through the forms, or show how to fill them step-by-step.