This follows new SEC guidelines allowing securities brokers, investment houses, and fund managers to register as PERA administrators.
“This approval is a significant step toward empowering Filipinos to secure their financial future while easing fiscal pressures on the government in the long run,” SEC Chair Emilio Aquino said in a statement on Thursday.
PERA, a voluntary retirement savings program established under the PERA Act of 2008, offers contributors tax benefits and complements existing retirement benefits from Social Security System, Government Service Insurance System, and employer-sponsored plans.
To qualify as a PERA administrator, companies must maintain at least P100 million in net worth, adopt strict governance practices, and have the technical expertise and systems to manage PERA investments.
The SEC’s approval of DragonFi Securities, finalized during a December 2024 meeting, is subject to the firm’s compliance with remaining requirements.
