The National Pension Service (NPS) released a request for information (RFI) for a new system to overhaul its overseas investment management structure, industry sources said on September 28.

The pension scheme wants to improve its fund management environment amid increasing overseas investments. NPS aims to introduce an integrated system capable of handling the pension fund’s invested assets and portfolio management, portfolio modeling and risk analysis. NPS will receive RFIs until October 7.

The pension fund plans to cover “all country” assets and multi assets to keep pace with its investment diversification strategy. NPS also aims to develop an effective and stable trading platform that will cope with increasing foreign transactions and combine functions such as portfolio analysis, settlement and compliance.

It wants to strengthen its overseas offices by setting up a direct investment environment through portfolio management skills and infrastructure improvement.

The pension fund requires that participants provides information on past cases relating to domestic and foreign sovereign wealth funds and pension schemes’ system implementation. 

The pension scheme is expected to assess the detailed business scope, budget and completion time once all relevant data is collected. (Reporting by Hee-yeon Han)