The Government Service Insurance System (GSIS) is studying a Philippine Stock Exchange (PSE) proposal to allow pension fund members to access stock loans and other financial products, signaling potential support for initiatives that could expand retirement investment options and strengthen the local stock market.
GSIS presidentWick Veloso said the fund is considering a phased, broker-led pilot rather than an immediate full rollout. Licensed brokers would guide members on risk assessment, investment suitability, and transactions, while GSIS focuses on governance, oversight, and loan structuring.
The proposed framework includes strict accreditation standards, loan limits tied to salary and retirement savings, and mandatory disclosures about market risks. Pilot testing would measure member understanding and program viability before scaling.
Economically, the move could increase institutional participation in the Philippine Stock Exchange, supporting market liquidity and development. For GSIS, it represents an effort to balance innovative retirement investment opportunities with the protection of over 2.5 million members.
Veloso emphasized that the program aims to combine market growth with member security, with final approval pending the GSIS Board after consultation with the PSE, regulators, and other stakeholders.
