Punjab mulls to launch Defined Contribution pension scheme (VPS)

Punjab mulls to launch Defined Contribution pension scheme (VPS)

ISLAMABAD: After Khyber Pakhtunkhwa (KP), the Punjab government is now considering introducing a Voluntary Pension System (VPS) to replace the existing traditional pension setup, to reduce the financial burden on the provincial budget. Briefing the media on Monday, the senior...
KP’s Pension Reforms, transition to Defined Contribution scheme

KP’s Pension Reforms, transition to Defined Contribution scheme

Peshawar    -     The aging population, coupled with changing demographics and economic conditions, has put significant strain on pension systems around the world. According to Bloomberg and G-30, “The US, China and other leading economies confront a massive funding...
Non-resident Pakistanis allowed contribution in pension funds

Non-resident Pakistanis allowed contribution in pension funds

KARACHI: The State Bank of Pakistan (SBP) has allowed non-resident Pakistanis to contribute in pension funds. In a round issued to banks/Authorized Dealers (ADs) on August 05, 2022, the SBP stated in order to enhance the worth proposition of NRP...
SECP Chairman Reaffirms Commitment To Expand Penetration Of Pension Schemes

SECP Chairman Reaffirms Commitment To Expand Penetration Of Pension Schemes

ISLAMABAD, (UrduPoint / Pakistan Point News - twenty seventh Jul, 2022 ) :The Security and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan has reaffirmed SECP's dedication for growing penetration of Voluntary Pension System (VPS). Aamir khan was talking to...
SECP to allow licensed investment advisors to offer Employer Pension Funds – Latest News – The Nation

SECP to allow licensed investment advisors to offer Employer Pension Funds – Latest News – The Nation

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has allowed Investment Advisors licensed by the SECP to offer Employer Pension Funds.This shall be achieved as a part of the brand new “Employer Pension Funds and permitting Asset Management...
SECP To Allow Licensed Investment Advisors To Offer Employer Pension Funds

SECP To Allow Licensed Investment Advisors To Offer Employer Pension Funds

ISLAMABAD, (UrduPoint / Pakistan Point News - twenty ninth Jun, 2022 ) :The Securities and Exchange Commission of Pakistan (SECP) has allowed funding advisors licensed by the SECP to supply Employer Pension Funds. This will likely be carried out as...

Postal Life allowed to manage private pension funds – Newspaper

ISLAMABAD: Postal Life Insurance Company Limited (PLICL) has been granted permission by the Securities and Exchange Commission of Pakistan (SECP) to manage private pension funds beneath the Voluntary Pension System (VPS). PLICL is the primary life insurance coverage firm to...

SECP Registers First Life Insurer As Pension Fund Manager

The Securities and Exchange Commission of Pakistan (SECP) has granted permission to a life insurance coverage firm particularly the Postal Life Insurance Company Limited to handle non-public pension funds below the Voluntary Pension System (VPS). ISLAMABAD, (UrduPoint / Pakistan Point...