Global fund managers can expect large amounts of new business from Taiwan
Global fund managers can expect large amounts of new business from Taiwan after the island's parliament passed legislation that makes T$140 billion ($5.2 billion) in pension funds eligible for investment in stocks, bonds and other financial products, according to the Financial Times in London.
Taiwan's labour pension contributions schemes were expected to produce the biggest pension system in Asia outside Japan, the newspaper reported.
Not so long ago the average industry fund employed one chief executive and, perhaps if they were lucky, someone to lend a hand with making the tea.... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
Unisuper appoints TAAM »
Industry fund Unisuper has appointed boutique asset manager Treasury Asia Asset Management to a $151.1 million mandate.
LGSS adds $41m to direct property »
Industry superannuation fund the Local Government Superannuation Scheme has bought a Sydney office building for $41 million.
While conflict of interest has stopped advisers receiving more by referring one product over another, volume bonuses continue to exist and are typically distributed in a more equitable way between dealer group and adviser.... read more »
