The low level of contributions made to Hong Kong's Mandatory Provident Fund scheme limits what members can invest in, argues Darren McShane of the MPF Authority.
Contributors to Hong Kong's defined contribution scheme will likely be able to access their money in phased withdrawals. Previously they had to wait until 65.
Stanley Ngan, ex-head of fund selection from UBS Wealth Management, is hired to head asset management for its pensions business to strengthen the product offering of Sun Life’s MPF scheme.
The firm is looking to pair offshore bonds with onshore securities with a view to giving Hong Kong pension savers access to the asset class, when regulations permit.
Over 300 treasury and HR professionals from Hong Kong's biggest employers attended our seminar on employee choice in the city's Mandatory Provident Fund scheme. Here we present a gallery of photos from the event.
East Asians must take more responsibility for their pension needs, as government- and employer-backed systems struggle to provide sufficient retirement income, finds a new study.
The move to allow Employee Choice Arrangement in Hong Kong's Mandatory Provident Fund scheme is expected to drive down fees and cause smaller trustees to exit.
Under Asia-Pac CEO Alan Harden, BNY Mellon Asset Management is aggressively building manufacturing and structuring capabilities in the region; plans Korea, Taiwan, MPF entries.