JAKARTA. Indonesia Financial Group, through PT Bahana TCW Investment Management, will step in as the new investment manager of pension funds of 8 state-owned enterprises (BUMN).
Oktarina Dwidya Sistha, Corporate Secretary of IFG, claimed that this pension fund management is categorised as one of strategic cooperation schemes between BUMN. “This cooperation does not diminish the responsibilities of each BUMN regarding their pension funds and their commitment to guarantee the long-term benefit mentioned in the agreements signed with BUMN officials,” she reaffirmed, as quoted by Bisnis Indonesia.
Oktarina said that the pension fund of those 8 BUMN will be optimised in a way that is measured, prudent, healthy, and sustainable. “IFG is committed to always monitor and guide all subsidiaries to promote prudent, accountable, healthy, and sustainable corporate governance, including in this BUMN’s pension fund investment management,” she explained.
Those 8 BUMNs that are involved in this investment management cooperation are PT Angkasa Pura I, PT Asuransi Jasa Indonesia (Jasindo), PT Asuransi Kerugian Jasa Raharja, PT Nindya Karya (Persero), Perum Jasa Tirta II, Perum Peruri, PT Taspen, and PT Wijaya Karya (Persero) Tbk (WIKA).
“The joint investment management is expected to provide more extensive access and greater economic scale to seek the best investment instrument in the market with a better negotiated price,” Oktarina stated. (KR/ZH)