Provident funds need further reform, diversification, says Thai SEC
SEC Thailand executives have praised the new National Pension Fund bill but believe further reforms are necessary to boost asset diversification and investment returns.
Thailand’s provident pension funds need to make further strides towards better asset and global asset diversification if they are to meet their investment yield targets. So says Securities and Exchange Commission of Thailand (SEC) assistant secretary general Nataya Niyamanusorn, who spoke to AsianInvestor about the provident fund system’s current drawbacks and implications of a new compulsory pension scheme planned for Thailand.
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