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.
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.