OJK Reveals Investment Manager Plans to Establish DPLK, Boosting Pension Fund Industry

Regulatory Development and Industry Impact

The Financial Services Authority (OJK) has revealed that one investment manager is currently in the process of establishing a Financial Institution Pension Fund (DPLK). Ogi Prastomiyono, Head of Executive Supervisor for Insurance, Guarantee, and Pension Funds (PPDP) at OJK, stated that the establishment process involves close coordination with capital market supervision to ensure full compliance with all business regulations and requirements. This development follows previous encouragement from OJK for investment managers to establish DPLKs, particularly to provide pension funds for individual participants and informal workers.

Industry Reaction and Future Prospects

Tondy Suradiredja, Chairman of the DPLK Association, expressed optimism that DPLKs established by investment managers could have a positive impact on the pension fund industry. The new entrants are expected to enhance healthy competition, expand participation opportunities, and encourage existing DPLKs to innovate and improve service quality. The establishment of DPLKs by investment managers is regulated under POJK No.35/2024, which requires companies to have Assets Under Management (AUM) of at least Rp25 trillion in the last three years. As of the end of 2024, OJK recorded at least 14 investment managers meeting this criterion.