Thai GPF expands into annuities and insurance

The Government Pension Fund of Thailand is planning strategic acquisitions to become a full-service pensions provider.

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...

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