How GPF is bracing for more retirees and lower returns

Thailand is on track to become a super-aged society in about 15 years’ time, with close to a third (30.2%) of its population aged 60 or over. Knowing this isn't something local pension funds can escape from, Thailand’s Government Pension Fund (GPF) has been devising ways to cope with the expected rise in demand in retirement benefits. “When the members live longer, the projected minimum lump sum that they want to use in each year is larger, so we have to make sufficient returns …