East Asians must take more responsibility for their pension needs, as government- and employer-backed systems struggle to provide sufficient retirement income, finds a new study.
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Some of the region's biggest social-security and pension funds convened in Sydney this week to discuss topics such as overseas investing and annuity provision.
Institutional investors need to reorganise their investment processes around new ways to access managers, extend time-horizons and measure risk, says Stanford’s Ashby Monk.
Gary Sim has joined the bank in Singapore from LGT Investment Management, replacing Chua Boon-Lee, who moved to the city state’s Central Provident Fund.
The Lion City’s Central Provident Fund Board will unveil Chua Boon-Lee as senior investment adviser in July.
Despite offering relatively low margins and fees, the region's retirement markets have huge long-term potential for asset managers, argues Cerulli Associates.
Fund providers in SingaporeÆs state pension scheme will be subject to new qualification criteria from 2011, forcing some to shape up or ship out, and giving others a chance to grab market share.
Singapore ranks highest in Asia in a judging of global pension systems and their ability to support ageing populations, according to consultants Mercer.
The Central Provident Fund has replaced Mercer with Morningstar as its investment consultant. This is considered a setback for Mercer in a market that some industry players say has room for only one major consultant.
The outcome could mean a lot of business for a few select pension providers in Singapore.
SingaporeÆs move to protect retail investors also benefits the mutual fund industry.
The mutual fund industry could benefit from a streamlined Central Provident Fund system.