Trimming risk

The predecessor of Japan’s Pension Fund Association (PFA) was set up in 1967as a federation of employees’ pension funds. In its current guise PFA came into being in 2005. It provides benefits to people who seceded from employees' pension funds after a short period, usually less than 10 years. It undertakes aggregation of corporate pension plans, including defined benefit and defined contribution. The association also conducts research on corporate pensions matters and offers sup…