All pension schemes: SECP directs PFMs to announce NAV daily

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed Pension Fund Managers (PFMs) to daily announce the net asset value (NAV) of all pension schemes.

The SECP has issued a circular, no 32 of 2025, calling for the maintenance of the website and disclosure requirements for Pension Fund Managers.

The SECP hereby directs the Pension Fund Managers (PFMs) to maintain a website and disclose the following:

A PFM shall maintain a website containing the following minimum information:

Latest financial statements of the pension scheme; constitutive documents of the pension scheme; c. important notices; d. information material for products offered by the PFM, including daily NAV of the pension scheme, latest Fund Manager Report, etc.; complaint handling mechanism and related details; expense ratio and management fee of pension scheme under management; education material for investors and SECP investor complaints web address.

The PFMs shall ensure that a copy of the latest monthly Fund Manager Report (“FMR”) of the scheme is available on its website, and a copy of said FMR shall be submitted to the Commission simultaneously, the SECP said.

The PFMs shall place the approved constitutive documents of all the pension schemes under their management on their respective websites. In case of any amendments made in the constitutive documents through supplemental constitutive documents approved by the Commission, a PFM shall place the updated and consolidated constitutive documents, along with the original and supplemental/restated constitutive documents, separately on its website.

Copyright Business Recorder, 2025