The Securities and Exchange Commission of Pakistan (SECP) introduced Peso Equity Sub Fund under the Voluntary Pension Scheme from January 1, 2027, reported 24NewsHD TV channel on Wednesday.
The new sub-fund will track special index markets. Pension savers gain access to a low-cost stock market investment option.
The new fund will be mandatorily available alongside equity, debt, and money market sub-funds. Savers will have the flexibility to choose between active and passive funds.
Fund managers will be able to operate the fund by directly tracking market indices. The Peso Fund will also be accessible via ETFs listed on the Pakistan Stock Exchange.
The annual management fee for the ETF-based option will be up to 0.75%. No additional fees will be charged for the company’s own ETFs. The Peso Equity Sub-Fund will offer a superior choice for retirement funds.
This new initiative will provide a cost-effective avenue for stock market investment. The objective is to provide accessible and low-cost options for long-term retirement savings.
The Peso Equity Sub-Fund will help strengthen the National Pension System, says the SECP Chairman.
