TAIWAN - Taiwan's US$7.2bn Public Service Pension Fund (PSPF) is preparing to tender for an investment consultant to advise on further international diversification of the fund.
“In the long-run, we are trying to be globalised step by step,” said PSPF auditor Michael Chen. “It means we will gradually increase the foreign investment instead of the domestic one and make them 50/50...
TAIWAN - BNP Paribas Investment Partners will strengthen its asset management presence in Asia with a new joint venture in Taiwan.
Asian countries are exposing their citizens to a concentration of risk comparable to that which occurred in the Enron scandal, delegates at Mercer's Asia Pacific Investment Forum have been told this week
TAIWAN - Aegon has established a joint venture with Taishin Financial Holding to launch its life insurance and pensions products in the Taiwanese market.
TAIWAN - Taiwan's US$3.4bn public sector pension fund will soon be open to stock market investment and foreign currency deposits after the recent pension bill set up a management commission to supervise its assets.
TAIWAN - Reform of the Taiwanese pension system for public employees must focus on reducing the NT$8trn (US$245.4bn) sum the government will be forced to spend on pensions in the coming years, said Lu Ming-tai, director of the department for retirement...