Taiwan’s labour pensions bolster assets

01 September 2014   Category: News, Asia, Global, Taiwan   By Hui Ching-hoo

Taiwan’s Bureau of Labor Funds (BLF) said that its labour funds gained NT$1.5 billion (US$50 million) year-to-date in AUM as of the end of July, due to increasing diversification and overseas exposure. In total, assets were NT$2.51 trillion at the end of the month.

The BLF said on its website that the Labor Pension Fund’s (LPF) defined benefit old scheme grew 5.3% for the first seven months to NT$614.77 billion, while the its defined contribution new scheme was up 4.78% to NT$1.19 trillion.

Meanwhile, the Labor Insurance Fund and Employment Insurance Fund saw their assets rise 4.6% and 0.6% to NT$586.58 billion and NT$93.91 billion, respectively. The Overdue Wages Payment Fund secured a return of 1.16%, increasing its asset size to NT$10.02 billion.

BLF Deputy Director General Liu Li-yu said that returns for the labour funds had continued to grow steadily through globally diversified investments. She added that the bureau would continue to pursue its investments in a prudent manner in view of increasing geopolitical risks around the globe, in order to deliver stable, long-term returns and protection to the labour pensions’ members.