THE Securities and Exchange Commission has expanded the number of accredited Personal Equity and Retirement Accounts (PERA) administrators. SEC Memorandum Circular (MC) 14 (Series of 2024) provides the guidelines on the accreditation requirements of PERA market participants.
THE Securities and Exchange Commission has expanded the number of accredited Personal Equity and Retirement Accounts administrators.
In its meeting on December 18 last year, the SEC en banc approved application of stock broker DragonFi Securities as PERA administrator. “This approval is a significant step toward empowering Filipinos to secure their financial future while easing fiscal pressures on the government in the long run,” Aquino added.
Established under Republic Act 9505 , the program offers contributors tax benefits not available in other retirement investment products, encouraging Filipinos to save for their future.
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