Singapore slings and arrows
SINGAPORE - Singaporean wealth levels at retirement rest critically on the interlinked national retirement and housing programmes, according to a new paper by David McCarthy, Olivia Mitchell and John Piggott.
National DC systems have long been a mainstay of retirement income in Asia. One of the oldest is the Singaporean Central Provident Fund, a mandatory retirement scheme managed by central government with...
More on Singapore
PIMCO bulks up emerging markets equity team
GLOBAL - PIMCO has hired five new investment staffers in London, New York and Singapore to round out its emerging markets equities team, with two joining from Goldman Sachs Asset Management (GSAM).
Aviva appoints Asia investment heads
ASIA - Aviva Investors has appointed Kevin Talbot as chief investment officer (CIO) of fixed income and Manish Singhai CIO of equities in Asia.
Taiwan fund appoints Russell as transition manager
TAIWAN - The Public Service Pension Fund (PSPF) has appointed Russell Investments as transition manager in what is thought to be the first mandate win of its kind in the country.
Norway's Pension Fund to boost investments in Asia
NORWAY/ASIA - Norway's sovereign wealth fund, the world's second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.
Singapore union seeks higher pension contributions
SINGAPORE - Singapore should consider asking companies to contribute more to employees' pensions as the nation's economy improves, said Lim Swee Say, secretary-general of the National Trades Union Congress.