The Security and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan has reaffirmed SECP’s commitment for increasing penetration of Voluntary Pension System (VPS).
Aamir khan was speaking to a webinar, organized by the SECP to increase awareness about VPS in the corporate sector and among professionals, said a Press release issued here. Pointing towards the pension situation in Pakistan, the Chairman shared various reforms that the SECP has undertaken to encourage both employers and self-employed professionals to participate in VPS, which include broadening of investment avenues for VPS by allowing them to invest in REITs, private funds, and ETFs, facilitating investors by allowing passive investment strategies, and flexibility in changing fund and/or fund manager.
The participants discussed the challenges and opportunities in the private pension market and provided suggestions to improve the uptake of VPS. —APP
