BPOPF eyes local property as pension overhaul nears

The country’s largest pension fund is also the biggest investor in local listed equities, with a P13 billion portfolio as at March 2023. Officials this week said this exposure was expected to increase as changes in pension fund legislation will require an increase in domestic allocations.

Under changes to the Retirement Funds Act, local pension funds will soon be required to invest a minimum of 50% domestically, from the current 30%, although the changes will be done in a phased manner over several years.