Tightening Investment Conditions for Pension Funds from October 01, 2017

13:33, 11/07/2024

The Ministry of Finance promulgates Circular 86/2017/TT-BTC guiding the implementation of Decree 88/2016/ND-CP on the voluntary supplementary retirement program.

Apart from the conditions stipulated in Article 20 of Decree 88, pension fund investments must comply with the following regulations:

- Take full responsibility for investment activities, ensuring safety and efficiency, in accordance with the objectives and investment policies of the pension fund as specified in the fund's charter.- The pension fund may invest no more than 20% of the total asset value of the fund in the certificates of a securities investment fund.

Depending on the financial market situation and the investment activities of the pension fund, the Ministry of Finance may adjust the aforementioned investment portfolio and limits.- When the pension fund management company invests in the certificates of securities investment funds managed by the same company, it shall only charge a one-time fund management fee.

Refer to Circular 86/2017/TT-BTC effective from October 1, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn