The country's defined contribution plans could weather market storms better if they had a wider choice of alternative assets and a stronger focus on rebalancing, say industry experts.
The country's private sector employees are increasingly looking to personal pension savings, dubbed Ideco, over concerns they aren't putting enough aside for retirement.
Fund managers are pushing for Rodrigo Duterte's new government to set up a defined contribution scheme, but others are not convinced about such a move.
Mike Ferrer, managing director of ATR Kim Eng Asset Management, wants to put defined-benefit scheme reform on President Rodrigo Duterte’s agenda.
Defined-benefit schemes must boost returns to meet their liabilities, and they plan to do so by strengthening their investment and risk management resources.
The Labour Pension Fund is offering six equal absolute-return mandates, but its return targets and low fees are criticised.