Mahaana Wealth, a trailblazing digital asset management company operating under the SECP regulatory sandbox in Pakistan, has forged a strategic partnership with IGI Life Insurance, a prominent insurance provider with 29 years of local experience. The collaboration aims to introduce a Pension Fund, specifically the Voluntary Pension Scheme, aligning with IGI’s recent announcement at the Pakistan Stock Exchange.
The board of IGI Life had granted permission to explore the joint launch of a Pension Fund, with Mahaana Wealth appointed as the investment advisor and technology partner for the fund. The official signing ceremony for this partnership took place on January 9, 2024, at IGI Life’s Head Office in Karachi, attended by CEOs Shamoon Tariq of Mahaana and Ali Nadim of IGI Life, along with other representatives.
With a shared mission to establish a safety net for post-retirement life in Pakistan, the collaboration between Mahaana Wealth and IGI Life aspires to revolutionize the retirement landscape in the country.
Shamoon Tariq, CEO of Mahaana, highlighted the company’s commitment to introducing successful pension and saving models from developed nations into Pakistan through digitization and hassle-free onboarding. He emphasized that Pakistanis deserve a dignified retirement, free from financial anxieties like inflation affecting traditional savings accounts.
