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 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...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222