BSP holds Pera Webinars for OFs in Hong Kong and Macau

The Bangko Sentral ng Pilipinas (BSP), in coordination with the Philippine Trade and Investment Center (PTIC) in Hong Kong, conducted webinars on Personal Equity and Retirement Account (PERA) for Overseas Filipinos (OFs) from Hong Kong and Macau on Oct 18 and 25, 2020.

Through PTIC’s Trabaho, Negosyo, Kabuhayan (TNK) program, Director Jose Recon S. Tano, Head of BSP’s PERA Technical Working Group, explained how PERA can benefit OFs and help them prepare for retirement.

He also tackled PERA’s digitalization which allows OFs to conveniently open PERA accounts and invest 24/7, anywhere in the world, using mobile phones and other devices.

Officers from the three BSP-accredited PERA administrators also gave a walk-through on how to invest in PERA in their platforms. They discussed investor education, client onboarding, settlement of transactions and monitoring of PERA investments.

The conduct of the PERA webinar is line with BSP’s advocacy to broaden financial literacy and help Filipinos achieve financial security.