Indonesia's Financial Services Authority (OJK) published a press release on the Indonesia Pension Fund Summit (IPFS) 2025, which it convened with the Ministry of Finance in Banten as a national forum to strengthen the pension fund industry and support reform of Indonesia’s retirement system toward a more inclusive, digitalised, and sustainable model. OJK reported that pension fund assets reached IDR 1,593.18 trillion as of August 2025, up 8.72% year-on-year, comprising IDR 1,200.62 trillion in mandatory pension programmes and IDR 392.56 trillion in voluntary programmes, with 29.09 million participants. The summit brought together more than 300 stakeholders and was structured around four sessions covering national pension system reform, pension programme harmonisation, digitalisation and demographic issues, and the role of pension funds in the green transition and sustainable finance. The Ministry of Finance highlighted three challenges motivating reform, namely demographic transition toward an aging population, low participation, and early withdrawals from the Old-Age Security programme that hinder long-term accumulation, and outlined systemic reforms under the P2SK Law focused on expanding coverage through more flexible pension fund schemes, strengthening investment governance, and harmonising pension programmes.

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