Taiwan’s Bureau of Labour Funds (BLF) is seeking bids for a US$1.6 billion global passive fixed income mandate.
The investment is for the Labour Pension Fund, Taiwan’s largest defined-contribution retirement scheme, and the National Pension Insurance Fund, a social insurance programme.
The BLF will appoint four asset management firms for five-year terms, according to the pension supervisor’s request for proposal on March 11.
Each firm will be given $300 million to manage for the Labour Pension Fund, and $100 million each for the insurance fund.
Firms bidding on the mandate must have a minimum three years of experience managing global passive fixed income funds, and at least $5 billion of assets under management.
Foreign firms must have offices and investment teams in Taiwan.
Applications are open until April 9.
The BLF supervises eight pension and annuity funds with NT$8.74 trillion ($274.2 billion) of combined assets as of January 2026.
