SECP holds sem­i­nar on vol­un­tary pen­sion sys­tem

Pakistan Observer - - NATIONAL - —APP

ISLAMABAD—In fur­ther­ance of its in­vestor aware­ness drive, the Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) or­ga­nized an aware­ness sem­i­nar on Vol­un­tary Pen­sion Sys­tem (VPS) for se­nior HR pro­fes­sion­als at the La­hore Univer­sity of Man­age­ment Sciences (LUMS).The sem­i­nar was con­ducted with the col­lab­o­ra­tion of SHRM Fo­rum, the lo­cal chap­ter of the So­ci­ety for Hu­man Re­source Man­age­ment, USA.

Ac­cord­ing to a state­ment is­sued here on Mon­day, the SHRM is the world’s largest as­so­ci­a­tion of HR pro­fes­sion­als, rep­re­sent­ing more than 280,000 mem­bers in 170 coun­tries.

The guest speak­ers on the event were Dr. Za­far Iqbal Qureshi, Ad­vi­sor to the Pun­jab Gov­ern­ment for the ed­u­ca­tion sec­tor; Muham­mad Ali Saeed, CEO SAAO Cap­i­tal; and Ali Alvi, Chief In­vest­ment Of­fi­cer of UBL Fund Man­agers, Zahid Mubarik, Pres­i­dent, SHRM Fo­rum Pak­istan. The VPS is an SECP-reg­u­lated prod­uct, and it is a vi­able sav­ings ve­hi­cle for in­vestors and the gen­eral pub­lic.

The SECP is keen to as­sist the growth of this prod­uct so that the pub­lic can reap the ben­e­fits of VPS, lead­ing to a pos­i­tive con­tri­bu­tion to the na­tional econ­omy.

The sem­i­nar was spe­cially de­signed for se­nior HR pro­fes­sion­als and de­ci­sion-mak­ers from the cor­po­rate sec­tor to ed­u­cate them about the prod­uct and demon­strate the po­ten­tial ben­e­fits of VPS to them as em­ploy­ers.

With the in­tro­duc­tion of reg­u­la­tory frame­work for VPS in Pak­istan, the con­cept of pen­sion for peace­ful and se­cure re­tire­ment can be in­tro­duced to em­ploy­ers as an em­ployee re­ten­tion tool and as an ad­di­tional em­ployee ben­e­fit.

The sem­i­nar was at­tended at full ca­pac­ity of 70 in­di­vid­u­als rep­re­sent­ing large and medium sized em­ploy­ers such as Descon, Pack­ages, Warid, Wa­teen, Bata, ABL, ABACUS, PEL, DG Ce­ment, Gourmet etc.

Speaker’s pre­sen­ta­tions were highly in­ter­ac­tive and led to dis­cus­sions on prod­uct fea­tures, in­her­ent ben­e­fits to the par­tic­i­pat­ing in­di­vid­ual, how the prod­uct is reg­u­lated for in­vestor pro­tec­tion and how it may be used as a re­ten­tion tool by em­ploy­ers.

ABBOTTABAD: Spe­cial Ad­vi­sor to KP Chief Min­is­ter on Higher Ed­u­ca­tion and In­for­ma­tion, Mush­taq Ahmad Ghani hand­ing over author­ity let­ter of Rs4m for trans­form­ers and elec­tric polls to lo­cals of area.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.