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Manulife records 20 percent increase in pension fund asset in Q1
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Manulife Indonesia chief of employee benefits Karjadi Pranoto explains the company’s asset under management (AUM) in its Financial Institution Pension Fund (DPLK) in Jakarta on May 23. (JP/yon)
L
ife insurer PT Asuransi Jiwa Manulife Indonesia booked Rp 12.84 trillion (US$965.70 million) of asset under management (AUM) in its Financial Institution Pension Fund (DPLK) in the first quarter of 2017, a 20 percent increase from the figure recorded in the same period last year.
The increase was supported by increased awareness among corporations of the importance of pension funds for their employees.
The fund was sourced from 1,704 corporations and from 457,838 individual clients, Manulife Indonesia chief of employee benefits Karjadi Pranoto told reporters in Jakarta on Tuesday.
“Today, many companies are aware [their] employees need to be protected. The pension program gives employees’ additional benefits and they will be more comfortable working for the companies,” he said.
From the total of Rp 12.84 trillion, around Rp 9.78 trillion was collected from the company’s regular DPLK program, while the remaining Rp 3.05 trillion was from the pension plan for the severance compensation (PPUKP DPLK) program.
The company allocated 53.17 percent of its fund to DPKL rupiah fund, 20.49 percent to discretionary fund, 11.85 percent to DPLK fixed income, 11.29 percent to DPLK stock fund, 2.97 percent to DPLK sharia and 0.23 percent to the US dollar fund.
With the fund, Manulife stood in second position among the ten companies with biggest DPLK assets, after DPLK BNI with Rp 16.88 trillion. (yon/bbn)
