Voluntary Pension Scheme (VPS), a retirement scheme, is a pool of investments owned by investors and managed by a licensed Pension Fund Manager. NBP Funds Pension Schemes are Voluntary Pension Schemes that facilitate individual investors to save for their retirement.
The savings you accumulate through VPS, provides you with a regular source of income (pension) after retirement to maintain your living standard and meet health and other post-retirement expenses. Pension Fund can help you to achieve the desired financial security after retirement.
Types of VPS Under Voluntary Pension Schemes (VPS), NBP Funds offers its investors two pension funds namely, NAFA Pension Fund and NAFA Islamic Pension Fund. Investor can choose between the funds based on their preference. Investors contributions in VPS are invested in the underlying sub-funds namely:
Voluntary Pension System (VPS) Rules, 2005 are set up under the framework of Non- Banking Finance Companies (Establishment and Regulation) Rules, 2003.
VPS Rules requires Asset Management Companies and Life Insurance Companies to be licensed by the SECP.
It is governed by.
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