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The
Pensions Wing is responsible for developing and regulating the activities
of private pensions in Pakistan. It is headed by Mr.Akif
Saeed, Executive Director. The SECP has been recently entrusted
with the regulation of private pensions and the Pensions Wing has
become responsible for registration, regulatory compliance and enforcement
of all applicable laws on private pension systems in Pakistan. Presently,
the Wing is implementing Voluntary Pension System under the Voluntary
Pension System Rules, 2005.
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objective
To develop and regulate pension schemes that promotes
national savings and provide for retirement benefits.
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organizational
structure
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functional
profile
The Pensions Wing is currently engaged in implementation
of the Voluntary Pension System Rules, 2005. Under these Rules,
decision on various operational matters has been vested with the
SECP. The Pensions Wing is preparing guidelines on these matters
in consultation with the market for transparent implementation of
the Voluntary Pension System Rules, 2005. Market consultation takes
place through Advisory Committee formed under the Rules, which can
also suggest measures for improvement to the SECP.
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