I'm not really sure if my line of question, the above title, is financially literate please bear with me. I can see it here, the forums, that there are more than a few members who had shown adeptness in the financial literacy field. I came across this PERA (Personal Equity and Retirement Fund) Bangko Sentral ng Pilipinas - Regulations.
My question is that are all local banks in Cebu automatically qualifies to be an administrator or which banks in Cebu carries this product or service in their portfolio?

Thank you to anyone who could add info.