BPOPF closes in on P130bn target despite rising payouts
Friday, August 14, 2026 | 160 Views |
Rosy times: Otukile says the Fund is on track to hit P130 billion in assets under management PIC: MORERI SEJAKGOMO
Assets grew by 10.2% from P116.38 billion, leaving BPOPF about P1.7 billion short of its strategic target, which it expects to reach by March 2027.
The growth came against a 39% increase in benefits paid during the year, driven by higher retirements, death benefits, and transfers out of the fund.
“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...