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Taipei frees pension funds

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Global fund managers can expect large amounts of new business from Taiwan

Global fund managers can expect large amounts of new business from Taiwan after the island's parliament passed legislation that makes T$140 billion ($5.2 billion) in pension funds eligible for investment in stocks, bonds and other financial products, according to the Financial Times in London.

Taiwan's labour pension contributions schemes were expected to produce the biggest pension system in Asia outside Japan, the newspaper reported.

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Taipei frees pension funds

Global fund managers can expect large amounts of new business from Taiwan

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