DIB Roshan Pension Fund

What is Roshan Pension Fund?

The Roshan Pension Plan (RPP) is a voluntary pension scheme run by a Pension Fund Manager who manages the voluntary contributions made by a participant, whether employed or not, or by an employer on his behalf, based on Voluntary Pension Scheme Rules, 2005. It is a saving mechanism where an individual saves from his/her current income in order to retain financial security and comfort in terms of regular income after retirement.

RPP is a steady income given to a person (usually after retirement). RPP is a saving, or a contribution, which is collected during the working life of an RDA holder and invested for profit. After the opted retirement date, the account holder is entitled to a steady monthly income from a fund built up from the earlier savings.

Dubai Islamic Bank Roshan Pension Plan for Roshan Digital Account Customers

Due to the success of the State Bank of Pakistan’s Roshan Digital initiative and its products, Pakistanis living abroad can now take advantage of investing for retirement in Pakistan’s Dubai Islamic Bank Roshan Pension Plan through their Dubai Islamic Bank Roshan Digital Account

For the first time ever, expatriate Pakistanis can take advantage of planning their retirement, from anywhere around the world whenever they want, and benefit from exclusive plans with competitive returns and zero front-end loads and management fees up to 1.5% only.

All overseas Pakistani citizens over the age of 18 with an NRVA account and computerized national identity card (CNIC/NICOP) may participate in the Roshan Pension Plan under VPS, a self-contributory defined contribution pension plan. All employed and self-employed people may voluntarily contribute to a pension fund starting with as little as PKR 10,000/- during their working lives to get a consistent income after retirement under the voluntary pension plan (VPS).

The VPS is a customized savings and investment vehicle for retirement planning with the goal of producing potential high long-term returns on investment plans in accordance with the investors’ level of risk tolerance.

Eligibility:

The pension program is available to all Dubai Islamic Bank RDA customers who:

Are over 18 and are working or self-employed are eligible for the pension scheme.
Possess a computerized national identity card (CNIC) or a national identity card for Pakistanis living abroad (NICOP).

Terms & Conditions:

A minimum investment balance of PKR 10,000* OR a pension fund as little as PKR 10,000 that the applicant can contribute while they are still employed.
The total amount invested will be frozen for a minimum of 25 years after the date of the original investment.

Key Features & Benefits:

An easy way to invest money for long-term growth and capital appreciation while planning for a comfortable life after retirement.
The VPS account is a personalized pension account held in the client’s name.
Customers can select their own asset allocation based on their risk tolerance.
Customers can invest whenever they want without worrying about penalties on their account’s missing payments.
Exclusive packages with no front-end charges.
There is only a 1.5% management fee.

Pension Schemes:

Customers may choose from the following allocation schemes available under the RPP:

	EQUITY SUB FUND	DEBT SUB FUND	MONEY MARKET SUB FUND
Medium Volatility	50%	40%	10%
Low Volatility	25%	60%	15%
Lower Volatility	NIL	50%	50%

Customers may switch among the three plans as per their choice.

Risk Disclaimer:

Market risks apply to all investments in mutual funds and pension funds. Future outcomes may not necessarily be predicted by past performance. To understand the investing policies, risk, and tax implications involved, please read the offering document.

This information is only for general purpose.