SECP organizes seminar on voluntary pension system

ISLAMABAD, August 24: The Securities and Exchange Commission of Pakistan (SECP), as part of its investor education initiative, organized a seminar on voluntary pension system (VPS) at its head office on Wednesday for senior human resource professionals.
In order to promote a culture of savings and investments and to facilitate a post-retirement income stream for individuals in a regulated environment, the SECP introduced the VPS rules in 2005. The VPS is a tax-advantaged, self-contributory pension scheme open to all adult Pakistanis with CNICs. Employed as well as self-employed individuals can voluntarily contribute to a pension fund during their working life to provide regular income after retirement.