Hong Kong’s MPF must learn from Australia, says Chan
The city’s financial services secretary KC Chan sees inspiring greater public trust as key to ensuring the success of the MPF system, just like Australia’s superannuation scheme.
Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) must learn from Australia’s superannuation system to engender greater public trust, says the city’s financial services secretary KC Chan.
Speaking at the first Asia-Pacific 2011 Pensions Forum, hosted in Hong Kong last week by The Association of Superannuation Funds of Australia, Chan acknowledged that public views of MPF remain mixed amid concerns over leakage from fees and administrative expenses.
Noting that MPF fu…
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