The $6 billion Government Pension Fund GPF of Thailand, which now manages retirement schemes for civil servants, is about to launch a new, wholly owned annuities business as well as acquire a stake in a global life insurance company in order to become a full-service pensions provider to the entire nation, says Visit Tantisunthorn, secretary general.
These moves go hand-in-hand with the GPF's effort to amend its founding GPF Act to allow it to introduce member's choice a topic explored in the AugustSeptember edition of AsianInvestor magazine. The legislation has been approved by the government and is now in parliament. In the meantime, the Securities and Exchange...
