KARACHI, Aug 24: Atlas Asset Management Limited (AAML), an Atlas Group Company, has launched Atlas Pension Fund (APF), a voluntary pension fund under the Voluntary Pension System Rules, 2005.

The fund is being introduced with the aim to encourage and facilitate the investors to save for their retirement.

According to a press release the basic parameters of the fund are that it will be funded (based on defined contribution) and will be individualised and portable. The investors, therefore, shall not only have the discretion over contribution amount, but also on the asset allocation.

APF has three sub-funds - Equity, Debt and Money Market - in which the amounts contributed will be allocated units based on the investor’s preference. Moreover, APF will offer an insurance wrap which will enable investors to receive life coverage in case of accidental death or disability.