"No chance" of MPF self-directed accounts any time soon

A senior official at Hong Kong’s Mandatory Provident Fund Authority has dismissed the possibility of allowing scheme members access to direct investments such as equities and bonds via self-directed accounts in the near future. Asked the question at the Global Retirement Savings Conference in Hong Kong last week, Darren McShane, executive director for regulation and policy at the MPF Authority, said: “No chance.” After State Street Global Advisors received regulatory approval …