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Taiwan’s BLF under fire over bribery scandal

The state pension fund is strengthening internal controls, but experts say more action is needed, such as raising pay for investment staff to make them less susceptible to graft.
Taiwan’s BLF under fire over bribery scandal

After a bribery scandal was unearthed in late November at Taiwan’s main state pension fund, investment industry experts have expressed concerns about the institution’s internal controls and argued that substantial reform is needed, such as increasing its independence from the government to better incentivise its investment staff.

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