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Indonesia state pension to double equity exposure

Bernadette Tio
BPJS Ketenagakerjaan's new $1 billion defined benefit scheme is moving to a more aggressive investment allocation in equities as it seeks to raise its returns.
Indonesia state pension to double equity exposure

Indonesia’s BPJS Ketenagakerjaan, the social security agency that manages $16.8 billion in retirement assets for private-sector workers, plans to double the domestic equity allocation of its relatively new defined-benefit (DB) scheme to 20% from 10%, to seek higher returns.

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