Taiwan pension system to test member choice next year
The island’s private school pension fund will break new ground by giving its beneficiaries the chance to choose their own mutual fund strategies, for which it may issue mandates.
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Taiwan’s private school pension fund is to offer its members the chance to select products on the shelf of Chinatrust Commercial Bank according to their risk profile for the first time next year.
The Supervisory Committee Managing Retirement, Compensation, Registration and Severance (SCMRC) fund was established on January 1, 2010 as a defined contribution scheme for private school teachers and staff. It has NT$13 billion ($440 million) under management.
Its structure is similar …
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