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.
Distributors in Hong Kong say it will take several years before the government’s proposed Employee Choice Arrangement will have any impact on market share.
Hong KongÆs pension funds do not appear to be panicking in the face of heavy losses, but few are in a position to capitalise; meanwhile, a crisis of confidence for MPF is brewing.