ENPNewswire-July 31, 2019--DNB-Statistical News Release: Financial position of Dutch pension funds
deteriorated in the second quarter of 2019
As pension funds
become more globalised, the pension notion of younger populations subsidising retiring ones also becomes a globalised one too.
Islamabad -- The pension funds
were first launched in 2007 under the Voluntary Pension System Rules, 2005, providing an avenue for long-term savings for retirement to the unit holders.
ISLAMABAD -- Securities and Exchange Commission of Pakistan (SECP) has released five-year comparative performance of private pension funds
. Private pension funds
were introduced in 2007 under the Voluntary Pension System Rules, 2005.
ISLAMABAD -- Private pension funds
were introduced in 2007 under the Voluntary Pension System Rules, 2005 and at present, there are 19 pension funds
, out of which 10 are Shariah compliant and 9 are conventional.
ISLAMABAD -- The number of private pension funds
has been growing with Shariah-compliant ones taking the lead since their introduction in 2007 under the Voluntary Pension System Rules, 2005.
Tax credit of up to 20% of taxable income can be availed upon investment in pension funds
. Moreover, persons over 40 years of age can avail even higher tax benefits.
However, a spokeswoman for Action on Smoking and Health said pension funds
do have a choice when it comes to where they invest their money She said: "It is not inevitable that a pension fund
should necessarily invest in tobacco - there are pension funds
around the country that don't have shares in these companies.
will be required to provide estimates of the future amount of retirement benefits.
Morupisi, who is also board chairperson of Botswana Public Officers Pension Fund
said pension funds
had grown phenomenally over the past years, hence there was an express need for good governance, not only for the companies investing pension funds
' assets, but also for the funds themselves.
Next month World Bank experts are going to propose ways to save Macedonia's state pension fund
. 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.