Philippines Sees $1.7 Billion in Retirement Fund With New Push
Bangko Sentral ng Pilipinas on Tuesday signed an agreement with banks and financial firms to pilot an initiative that will allow them to share financial data, provided the customer agrees. The goal is to make the Personal Equity and Retirement Account, or PERA, more accessible by allowing clients to open a PERA account using their existing personal data from participating financial institutions.
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