Assets at Jamsostek set to soar

Indonesia’s funds industry hopes to benefit from reforms to be implemented in 2013 that will create a much bigger public pension fund. Whether this leads to changes in how public assets are managed has yet to be determined. From next year, the $16 billion social insurance fund, Jamsostek, will make mandatory corporate pension contributions, according to the Social Security Providers Law passed by parliament earlier this year. The contribution rate for the organised sector of the…