A rapidly aging society means pension reform is needed as payouts can’t keep up with contributions, says Liu Li-ju of Taiwan’s Bureau of Labor Funds.
The state pension fund aims to invite bids for the two mandates by the end of the year to raise its alt exposure and replace underperforming managers, AsianInvestor can reveal.
The Taiwan state pension fund is keen to hire five fund managers for the portfolio this year after the coronavirus pandemic delayed its plans.
Pension fund investors are in for a shock, with global equity market falls reducing their assets. There are a few ways they can react to minimise falls and maximise returns.
Tsai Ing-wen, who was re-elected to a second presidential term last weekend, should take the bull by the horns and further improve the island's pension system over the next four years.
There will now be no such mandate this year because of the difficulties involved in finding an appropriate benchmark, Taiwan’s biggest state pension fund tells AsianInvestor.