Taiwan’s BLF shakes up management in bid to rebuild trust

Taiwan's Bureau of Labor Funds has instituted wide-ranging reforms to its staff structure and contractual terms since Su Yu-ching took over as director general in 2021. Under Su's leadership, the $201 billion pension fund - seeking to regain public trust following a bribery scandal - has implemented staff rotations across departments, built an internal ESG research team, and revised mandates with external asset managers. Key reforms include rotating investment managers between r…