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Battle for Thai Pension-Fund Management Contracts Reaches New Pitch.
Byline: Darana Chudasri
Jan. 4--Competition in the pension fund management industry is growing more heated, with price wars over management fees likely to intensify.
At the turn of the new year, many pension fund management contracts came up for renewal and changed hands to new fund managers that charged lower fees.
Siam Commercial Bank and BankThai recently won a three-year contract to manage the pension fund of the Electricity Generating Authority of Thailand (Egat), ousting incumbents Bangkok Bank and Tisco Finance.
At 19.6 billion baht, the Egat fund is second in size only to the Government Pension Fund.
An industry ...
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