The Market Monitor Minding the Nation's Business
The Government Service Insurance System (GSIS) assured the public on Thursday that its investment operations are guided by strict governance standards and multiple layers of safeguards to ensure the prudent management of its members’ contributions.
Speaking at *The Agenda* media forum, GSIS President and General Manager Wick Veloso emphasized that transparency and discipline are at the core of the pension fund’s investment strategy.
“There are no shortcuts, and no single person decides. Every investment proposal is vetted by our internal research office, an Assets and Liabilities Committee, and a Board-level Risk Oversight Committee before it can ever be presented to the full Board for a vote. This system of checks and balances is non-negotiable,” Veloso said.
He added that this rigorous process has allowed the GSIS to sustain its financial strength, with total assets reaching ₱1.92 trillion and a net income of ₱112 billion as of September.
“Our members can be confident that a robust governance framework is in place to protect their fund. Our singular focus is on managing their money with the highest level of professionalism and integrity to guarantee their pension when they retire,” Veloso said.