NSF eyes youth, higher return | Bangkok Post: business - News Summed Up

NSF eyes youth, higher return | Bangkok Post: business


Young people are the latest target of the National Savings Fund as it seeks to increase the number of members. THANARAK KHUNTONThe National Savings Fund (NSF) aims to persuade youths to join the pension plan in a bid to increase membership. However, the NSF's current investment yields a return of a meagre 1.8% as the pension fund mostly puts money into high-security assets. Mr Somporn believes the NSF's return on investment will reach 3.5% after it allocates 20% of the total portfolio into equities. The NSF, which started last August, is a retirement safety net for 25 million self-employed workers not covered by a pension fund, social security or a provident fund.


Source: Bangkok Post November 16, 2016 23:36 UTC



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