BDO becomes first accredited PERA AdministratorMANILA — After hurdling stringent qualification requirements of the Bangko Sentral ng Pilipinas (BSP) and the Bureau of Internal Revenue (BIR), the Trust and Investments Group of BDO Unibank became the first institution in the country to be accredited as PERA Administrator. Subsequently, PERA Implementing Rules and Regulations (IRR) were issued on October 21, 2009 by various regulatory bodies. “BDO believes that being the first PERA Administrator is a distinct privilege. For further reach, we also have to increase our number of Accredited Individual PERA Administrators who are the only ones allowed by regulations to market PERA. All these need to be carefully readied before a PERA launch.”Challenges notwithstanding, BDO looks forward to fulfilling its responsibilities as the country’s first PERA Administrator and will find ways to make it work.

Source: Manila Bulletin September 22, 2016 04:07 UTC