Pension funds
NPS to hike risky asset purchases under simplified allocation system
The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under which it aims to increase its purchase of risky assets, including stocks and alternative asset products. In its first system reshuffle in 18 years, the state fund said it is introducing a 20-year asset allocation standard portfolio to boost long-t