ISLAMABAD -- The Security and Exchange Commission of Pakistan (SECP) on Thursday released performance report of private pension funds
which were introduced in 2007 under the Voluntary Pension System Rules, 2005.
globally say they intend to adopt a more proactive approach to managing their assets, according to a new report by State Street Corporation.
Trustees of pension funds
should have the members' interest at heart and if I were a trustee of a pension fund
this is one of the many issues I would have fought for on behalf of the members who, after all, own the fund.
There are prevailing applications for the transfer of pension savings from non-state pension funds
(APFs) to the Russian Pension Fund
(PFR) - more than 68% have received such applications.
Permanent Secretary to the President, Mr Carter Morupisi says pension funds
play an increasingly important role as both channels for retirement savings and as intermediaries in financial market thus should be a prime concern for government and regulators from a variety of perspectives.
Cutting the percentage in determining the size of pensions and changing the manner in which pension companies invest the money of the private pension funds
is also suggested.
The fund managers, depending on the asset class, charge the pension funds
fees ranging from 0.
02bn of their pension funds
in fossil fuel companies, out of a total PS15.
Private pension funds
have more than 18,000 participants, and nearly 60 per cent of their assets are invested in the equity market.
The two mandatory pension funds
, February included, count 432,722 insurers.
Mutual funds' retirement plans will now get the same tax benefits as pension funds
Muscat: Oman government is planning to merge the assets of pension funds
in an apparent move to save cost and enhance efficiency, when investing the corpus funds in stock markets.