Manila, Jan. 14 -- The Government Service Insurance System (GSIS) is studying the Philippine Stock Exchange's (PSE) proposal to allow state-run pension funds to revive loan-for-stocks and similar financial products, saying that any initiative must be grounded on strong safeguards to protect its members.

GSIS President and General Manager Wick Veloso said Tuesday the pension fund recognizes the potential of such programs to expand retirement investment options and help strengthen the domestic capital market, but underscored that retirement security remains its primary responsibility.

"The PSE's call comes at a time when our markets need institutional support and our members deserve broader investment opportunities for their retirement," ...