Manila, Dec. 10 -- The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have inked a data-sharing agreement aimed at protecting retirement savings.

BSP, in a press release Wednesday, said it signed a memorandum of agreement (MOA) with the SEC on Dec. 3, aimed to formalize the data-sharing deal and the access to and use of information from the Personal Equity and Retirement Account System (PERASys), which is the central database for all PERA contributors that is managed by the central bank.

It said the MOA is aimed "to ensure data related to PERA contributors are shared securely and used responsibly, enabling effective service for Filipinos investing for their retirement."

Under the agreement, BSP and S...