As the Public Service Pension Fund (PSPF) starts designing its defined contribution scheme, all eyes are on whether more reforms will flow through Taiwan’s public pension fund industry, especially after the new administration takes office.
Taiwan’s Public Service Pension Fund will be overhauled with new members to be enrolled in a defined-contribution scheme rather than the current defined-benefit. Other restructuring measures have also been adopted.
Korean Teachers’ Credit Union has signed a second real estate partnership agreement with a Californian counterpart; Singapore’s sovereign wealth fund backs third fund in series focused on Australian logistics assets; the investment firm that manages part of Alibaba co-founder's fortune is retreating from US stocks as it increasingly focuses on private markets.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Taiwan's largest pension is taking a conservative approach in the current Covid climate, announcing fewer new mandates and potentially delaying renewals to maturing ones.
The Bureau of Labor Funds has invited bids for $2.4 billion in domestic mandates, while the Public Service Pension Fund has handed $600 million to three foreign asset managers.
The $18.6 billion Public Service Pension Fund has invited pitches for its first global multi-asset portfolios. Three managers will manage a total of $600 million.
The $17.5 billion Public Service Pension Fund has invited asset managers to bid for six domestic equity mandates, its first move to outsource investments since late 2014.
The pension fund is considering issuing new mandates to external managers this year, as it attempts to diversify its holdings by increasing its investments in international equities.
The Public Service Pension Fund is seeking managers for six domestic equity portfolios, after handing out eight global equity mandates this year.
The Taiwanese pension fund is inviting fund managers to submit proposals for global real estate equity and infrastructure equity mandates.
Taiwan’s Public Service Pension Fund is seeking managers for five domestic mandates, each worth NT$5 billion.