TaiwanÆs BLI resets investment policy

Following the double whammy of the 2008 financial crisis and the government-mandated introduction of annuities at the beginning of 2009, the Bureau of Labour Insurance in Taiwan says it is resetting its policies on how to manage its investments. The introduction of annuities will be a relief to Taiwanese people who have been challenged by inflation and low economic growth in recent years. But it has worsened the existing funding gaps and cashflow problems stemming from rapid ageing a…