Regaining lost ground - PENSIONS - Magazine | Asia Asset Management
Published: November 3, 2023
Macau’s Social Security Fund (SSF) is recovering after suffering one of its worst ever performances last year when global markets were hammered...
Source: asiaasset.com
Related Topics:
Macau Social Security FundSocial Security FundMacau Amp Rsquos Social Security Fund Ssf Is Recovering After Suffering One Of Its Worst Ever Performances Last Year When Global Markets Were Hammered By Us Rate Hikes And Geopolitical TensionsHich Wiped Out 7 79 Billion Patacas Us 967 Million From The Fund Amp Rsquos Global Investment PortfolioR Almost Half Of Its Total Investable Assets Amp Nbsp The Ssf Posted An Investment Gain 4 5 Billion Patacas In First 2023 After Losing 7 16 All Last Year Although Fund Rsquos Fixed DepositsHich Represent 51 14 Of Its Total AssetsOsteda 1 44 Investment Yield In 2022Ts Overall Investments Shed 7 46 Established In 1990He Ssf Isa Fund To Provide Financial Support The PoorThe OldHe Terminally IllHe Unemployed And The Disabled Amp Nbspa Spokesperson For Ssf Points To Recovery In Global Stock Bond Markets Improved Investor Confidence Bounce Back From Ldquo Unfavourable Factors Rdquo That Weighed Fund Down Last Year Will Continue Strive Fora Reasonable Stable Long Term ReturnEnsure Financial StabilityS Well As Enable The Fund To Achieve Long Term Sustainable DevelopmentMp Rdquo She Tells Asia Asset ManagementPeaking On Condition Of Anonymity Amp Ldquo The Fund Will Closely Observe Economic Changes And Continuously Optimise Investment Portfolio Based Income Expenditure Rdquo Ssf Had Approximately 90 Billion Patacas Assets Under Management As June 2023P 3 9 From 86 6 Billion Patacas At The End Of 2022 Amp Nbsp Two Tier System Ssf Also Oversees Central Provident Fund Cpf A Defined Contribution Scheme Which The Macau Government Introduced In 2018 Amp Nbsp According To Ssf Rsquos 2022 Annual Report Published AugustHe Number Of Cpf Registrations Surpassed 100000 Last YearNcluding 25666 Members Of Corporate Cpf Schemes The Rest Were Individual Or Private Amp Nbsp Ldquo And Ssf Has Provideda Comprehensive Two Tier System For Social Retirement ProtectionMp Rdquo Iong Kong IoResident Of The Ssf Amp Rsquos Administrative CommitteeRites In The Report Amp Nbsp Macau Government Is Using Multi Tier Retirement Model Proposed By World Bank As Basis To Develop Its Pension System 