SECP Issues Investment and Allocation Policy for Pension Funds
A new investment and allocation policy for the pension funds allowed under the Voluntary Pension System has been made public by the Securities and Exchange Commission of Pakistan (SECP).
Read More: Inauguration of Centralized Database of Essential Food Items
The Mutual Funds Association of Pakistan, Trustees of Collective Investment Schemes, and Chief Executive Officers of Asset Management Companies have all received new policies from the SECP.
Existing Pension Fund Managers must assure compliance with these standards within 90 days of the release of this circular in order for the new policy to take effect immediately.
Regardless of the restrictions outlined in the Investment Policy, a PFM may not invest assets of the Pension Fund in a business’s securities if the equity is less than the paid-up capital of the company.
Read More: Infringements Removed in Battagram
If the issuer or the bank of the securities does not meet the minimum rating outlined in the investment policy, a PFM shall not invest, deposit, or place assets of PF.
According to SECP, the Pension Fund Manager must reallocate the units between the sub-funds at least once a year to make sure that the allocation of units for all Participants is in accordance with the percentages they have chosen or, in cases where no choice has been made, in accordance with the established allocation policy.
Please check out the Al Sadat Marketing website to find out what’s going on.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005
