Thai regulator tells asset managers to develop post retirement products
The Thailand capital market regulator has directed asset management companies in the country to develop ‘post retirement products’ as an investment alternative for the retirees segment.
The regulator said that while a few post retirement funds have been established in Thailand, the number of retirees is growing rapidly.
Thailand’s Securities and Exchange Commission said these post retirement funds would be a new investment choice for the retired investor class who need regular payouts and return.
Taking into consideration the needs of the targeted segment, the regulator has said the corpus of such schemes should not be invested in risky assets and rather be deployed in low risk assets such as government or corporate bonds and deposits.
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