Taiwan’s Public Service Pension Fund will be overhauled with new members to be enrolled in a defined-contribution scheme rather than the current defined-benefit. Other restructuring measures have also been adopted.
Tag : taiwan pension fund
The Bureau of Labor Funds should be more conservative in issuing mandates in the first half of 2023, as rate hikes continue to pressure the global market, market advisors said.
Taiwan’s largest pension manager opened a bid for its first overseas ESG mandate back in late 2016, in order to diversify investment risk and create stable long-term returns. The strategy is now being tested during the market downturn.
Though its first global ESG equity mandate has recorded an 11% loss since 2021, the pension fund is sticking to its long-term ESG goal.
