AssetConnect Pension Fund System is a comprehensive on-line and automated Mutual Fund and Pension Fund Management System, which supports multiple funds/Portfolios. The system has fully IAS 39 compliant accounting, which is completely integrated with all other modules, and provides on-line workflow between various departments. The system also has compliance features, such as enforcement of investment limits and regulatory reports printout. The system provides comprehensive reports for all modules, on every aspect of all the transactions.
The Pension Fund System implements all of the rules and regulations of a Voluntary Pension Fund as approved by SEC. It consists of multiple sub-funds, with allocation ratio, automatic breakup of investment amount between sub-funds, automatic re-allocation between sub-funds, tax certificate for investment in pension fund, restrictions on redemption until retirement age, handling in case of death, tax deduction for early redemption, transfer to other pension fund provider and other required features.
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