Pakistan, June 14 -- The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper proposing amendments to the Voluntary Pension System (VPS) Rules, 2005, aimed at enhancing access and efficiency in Pakistan's pension framework.
The key proposal is to allow Employer Pension Funds (EPFs) to serve multiple employers under a common fund structure, says a press release issued by the SECP on Friday. This change would enable pension fund managers to pool contributions from various employers, improving cost-efficiency through economies of scale and allowing small and medium-sized enterprises (SMEs) to offer retirement benefits without setting up separate funds.
Beyond previous amendments in VPS Rules, 2005 in February...