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. The Bureau of Labor Funds, which oversees NT$4.45 trillion ($147.16 billion) of public retirement and insurance money, has moved to strengthen its intern…