BSP, SEC strengthen coordination to safeguard retirement savings

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December 11, 2025 | 12:00am

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have formalized a data-sharing partnership aimed at protecting the retirement savings of millions of Filipinos.

The two agencies signed a memorandum of agreement on Dec. 3 covering the exchange, access and use of information from the Personal Equity and Retirement Account System or PERASys, the BSP-managed central database of all PERA contributors.

PERASys records contributors’ savings and tax incentives, ensuring these are accurately reflected and secured.

Under the agreement, the BSP and SEC will coordinate closely to ensure PERA-related data is shared through secure channels and used solely for legitimate regulatory and supervisory purposes.

Both agencies said this cooperation is intended to strengthen protection for Filipinos investing for their retirement.

“When you put aside part of your income for your future, you trust us to protect that investment,” BSP Governor Eli Remolona Jr. said.

“With this partnership, we are building a system that keeps your information safe and your future more certain. It is one more step toward helping every Filipino retire with dignity and peace of mind,” Remolona added.

The agreement also reinforces strict compliance with data privacy laws and sets standards for confidentiality, record keeping and information security. It outlines procedures for reporting and resolving operational issues as well as mechanisms to safeguard contributor data.