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SECP Conducts Seminar on Mutual Funds and Voluntary Pension System

LAIBA BABAR

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), hosted a seminar here today on mutual funds and Voluntary Pension System (VPS) for the employees of the Sustainable Development Policy Institute (SDPI).

Senior SECP officers led the interactive session conducted with participation from industry experts. They discussed the rights of investors, potential benefits of investing in mutual funds and VPS through qualified fund managers and the role of trustees.

They also highlighted the risks when investor opts for available mutual funds and VPS investment.

The SECP’s officers informed how SECP had contributed for the advancement of financial sector through supporting innovative product development while working for the betterment in interests of the investors.

Differences between conventional government pension schemes and VPS were also discussed in the seminar.

Similarly, dissimilarities between Sharia-compliant funds and conventional funds, withdrawal conditions and risk profile switch options during the life of the product were also explained.

Moreover, the importance of monitoring Net Asset Value (NAV) through periodic account statements and the SMS provided by fund managers, income features of post-retirement and potential tax benefits were also explicated.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.