Provident funds need further reform, diversification, says Thai SEC

Thailand’s provident pension funds need to make further strides towards better asset and global asset diversification if they are to meet their investment yield targets. So says Securities and Exchange Commission of Thailand (SEC) assistant secretary general Nataya Niyamanusorn, who spoke to AsianInvestor about the provident fund system’s current drawbacks and implications of a new compulsory pension scheme planned for Thailand. According to findings of a study shared by the SEC, …