JPID: Japan PFs Hold More In Pooled Accounts

Japan’s corporate pension funds have double the money in pooled accounts than with asset managers, as per Japan Pensions Industry Database (JPID), Global Pensions reports. As of March 31, 2011, corporate retirement schemes had assets with a book value of $551.48 billion at life companies and trust banks.

As per the Japan Securities Investment Advisors’ Association’s data, schemes had $305 billion invested with fund managers. Until deregulation of the Japanese pension market in 1995, retirement scheme investment and administration were handled by trust banks and life companies.

Click here for the story from Global Pensions.