BPOPF closes in on P130bn target despite rising payouts
Friday, August 14, 2026 | 200 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.
Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...