|News ID: 130||Publish Date : 29/11/2015||Hour : 17:54||Group: Home|
Mr. Saleh bin Nasser Al-Araimi,the Chairman of the ISSA Technical Commission on Investing Social Security Funds, gave speech in the opening ceremony of the fair and stated: "The Social Security Organizations have various liabilities according to their position and responsibility. Therefore, their investment procedure differs from investment in private and cooperative sections”
Explaning the ISSA guidline on Investment, he added: “The aim of ISSA guidelines is to enhance investment of social security funds. In this regard, issues such as inflation rate, life expectancy rate and social security vital role and liabilities shall highly be considered in order to prevent next generation from facing similar challenges of the previous and current generations”.
He emphasized: The ISSA guideline On Investing Social Security Funds is an operational instruction on transparency, compliance and dynamism, all of which contribute to financial sustainability of Funds. In fact, the major objective of this Guidedine is to preserve the assets of Pension Funds through solid investment.