REVIEWING THE RETURNS FOR BRUNEI DARUSSALAM’S PENSION SYSTEM

Abstract

There has been concern among the public and policymakers on the adequacy of Brunei Darussalam’s pension system, with particular emphasis on the returns generated. This paper will investigate the historical returns since 1993, comparing them with other countries as well as theoretical optimal asset allocations. The detailed financial statements, statistics and annual reports released by Tabung Amanah Pekerja (TAP) provide the basis for a robust assessment. This paper will then conclude with recommendations to improve the returns generated by Brunei Darussalam’s pension system.

Keywords

• Pensions
• Tabung Amanah Pekerja
• Supplemental Contributory Pension