Taiwan's Bureau of Labor Funds is expected to thoroughly revise its internal rules as its new chief takes office. The state pension fund will likely invest more in local ETFs too.
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Taiwan’s state pension fund has pledged to regulate external managers more strictly after the bribery scandal, but the additional red tape could turn away some fund houses.
The state pension fund is strengthening internal controls, but experts say more action is needed, such as raising pay for investment staff to make them less susceptible to graft.
The Taiwanese state pension fund is inviting fund houses to submit proposals for two major five-year global mandates, as it looks to raise alternatives and rotate out poor performers.
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.