Taiwan Public Service Pension Fund's reform plans pick up pace
As the Public Service Pension Fund (PSPF) starts designing its defined contribution scheme, all eyes are on whether more reforms will flow through Taiwan’s public pension fund industry, especially after the new administration takes office.
Taiwan’s public pension fund industry is on track to steadily transition towards defined contribution (DC) schemes as the aging population weighs on the pension system, which is heavily dominated by defined benefit (DB) plans.
The latest development came as the Bureau of Public Service Pension Fund (PSPF) selected Nomura Asset Management Taiwan as its advisor to help design portfolios of different risk profiles for its new DC scheme, which came into effect in July 2023 for new civ…
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