In Focus: NPS recruitment struggles spark concerns

A scenario in which a fund had less than 55% of its targeted staff would be an issue in any organisation. However, that is the reality for the investment arm of Korea’s National Pension Service (NPS), after it moved its headquarters away from the national capital Seoul. The world's third-largest pension fund, with W975.6 trillion ($765.6 billion) in assets under management (AUM) as of end-April 2023, should have 812 internal fund managers, according to a 2021 study by consulting f…