2024-04-10 08:28:03
Date published
10.04.2024
The Pending index is an index that reflects the rate of absorption of the public’s pension savings funds (pension funds, executive insurance, provident funds and training funds) by the institutional bodies from the moment they are deposited by the employer or the self-employed until the moment the funds are assigned to the employee’s account
This index examines the ongoing conduct of the institutional bodies in the procedures for receiving the funds, and gives a score to each institutional body according to the parameters included in the index.
The index reflects to the public an important aspect of the management of the pension savings funds by the institutional bodies in the operational aspect and thus encourages the institutional bodies to improve their conduct for the welfare of the members. The index is calculated on the basis of data reported to the Capital Markets, Insurance and Savings Authority every month and takes into account all funds that have been deposited to the institutional body and have not yet been credited.
The index consists of five components, where four components express funds that have not yet been combined and deposited over different periods, and another component that expresses the return of funds from the institutional body to employers.
To the extent that the institutional body has many funds that have not yet been credited, as well as many funds that have been returned to the employer, the company’s score in the index will be lower. The index ranks each company individually according to the type of product, and examines the company in relation to the volume of funds deposited in it during that period.
#funding #index #Capital #Market #Insurance #Savings #Authority