OJK Evaluates Applications for Establishing DPLK by Several Investment Managers
Jakarta (ANTARA) - The Financial Services Authority (OJK) has stated that applications for establishing Financial Institution Pension Funds (DPLK) by several investment managers are currently under evaluation to ensure fulfilment of requirements and prudent principles.
Ogi Prastomiyono, the Executive Head of OJK’s Insurance, Guarantee, and Pension Fund Supervision, said during a press conference on the Financial Services Sector Coordination Forum in Jakarta on Tuesday that all licensing processes continue to be conducted prudently, with a comprehensive assessment of readiness.
This readiness encompasses not only capital aspects but also governance, participant administration systems, risk management, operational preparedness, and the quality of human resources to safeguard participants and ensure the sustainability of the DPLK programme.
According to Ogi, the interest from investment managers in establishing DPLK is driven by the substantial potential of the pension programme market and opportunities to expand long-term financial services to the public.
Ogi conveyed that the establishment of DPLK by investment managers aligns with the mandate of the Financial Sector Development and Strengthening Law (UU P2SK).
This law opens opportunities for investment managers to become DPLK founders as part of efforts to broaden pension programme implementation and enhance long-term financial inclusion.
Looking ahead, Ogi stated that OJK anticipates increasingly dynamic competition in the DPLK industry, with a focus not only on network expansion but also on the quality of investment management, product innovation, service digitalisation, and broadening participant access.
Additionally, OJK is encouraging DPLK to serve as a consolidation vehicle for employer pension funds, thereby making pension fund management more efficient and professional.
“With the involvement of investment managers as DPLK founders, it is hoped that investment management competencies will become even more credible, thereby strengthening participant trust and supporting the overall sustainability of the pension system while upholding prudent principles and participant protection,” Ogi concluded.
As of March 2026, OJK recorded that total pension fund assets grew by 10.49% year-on-year (yoy) to Rp1,684.89 trillion.
For voluntary pension programmes, total assets recorded a 6.71% yoy growth to Rp408.82 trillion.
Meanwhile, for mandatory pension programmes, comprising old-age security and pension guarantees from BPJS Ketenagakerjaan, as well as civil servants’, TNI, and POLRI old-age savings and pension contribution accumulations, total assets reached Rp1,276.07 trillion, or a 11.76% yoy growth.