SECP introduces tailored pension allocation framework for EPF

MG News | May 07, 2024 at 12:43 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 07, 2024 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has introduced an enabling framework for tailored pension allocation schemes by the Employers Pension Fund (EPF) in order to make voluntary pension schemes feasible.

Further, the SECP has authorized pension fund managers to offer tailored allocation options in line with their agreement with an employer, keeping in view the employer's investment risk assessment and investment objectives.

The new provisions will further streamline the pension fund management process while providing employers with greater control and flexibility over their pension investments.

This initiative will boost investor confidence and foster a more competitive regulatory sphere for pension funds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,085.00	60,230.00 59,790.00	90.00 0.15%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	1.65 1.46%
ROTTERDAM COAL MONTHLY	126.25	0.00 0.00	0.15 0.12%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%