Fund chief lobbies for pension reform in Philippines

The Philippines needs a more sustainable pensions system, argues one asset management business head in Manila, and he has set out his vision for how this will happen. Pensions are not a priority of the administration of new president Rodrigo Duterte, given the relative youth of the country's population – the average age is 23.4 years. But Mike Ferrer, managing director at ATR Kim Eng Asset Management, said the current framework would run out of money for private-sector workers if …