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.
Hong Kong’s pensions regulator suggests money could be withdrawn for terminal illnesses, paving the way for future changes to the system.
Philip Tso of Towers Watson discusses the forthcoming Employee Choice Arrangement changes to Hong Kong’s Mandatory Provident Fund regime.
The latest edition of MPFexpress.com features a sponsored section inviting MPF scheme providers to pen articles on industry topics, raising potential issues over conflict of ...
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.
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 ...
Consultancy director Philip Tso argues that Hong Kong investors tend to focus too much on returns and not enough on risk. He wants them to learn how to read performance.
Philip Tso of Towers Watson debunks the misconception that the city’s pensions system is a loss-making investment, in the second edition of MPFexpress.com.
The consultancy questions the efficiency of the current system, arguing that administration fees should be fixed in the interests of end-users.
The Hong Kong Retirement Schemes Association adds its voice to concerns over a delay in allowing employees to choose their own MPF scheme, urging the government to act soon.
Hong Kong MPF members probably won't do much switching of schemes when the employee choice arrangement first comes in next year, says Ka Shi Lau of BCT.
Fund providers in Singapore’s state pension scheme will be subject to new qualification criteria from 2011, forcing some to shape up or ship out, and giving others a chance to ...
The proposed changes to Hong Kong’s MPF scheme will create more marketing and admin work, but may bring more players into the market, says BEA Union’s Scott Lothian.
Around 31% of employees surveyed are already considering moving to another MPF provider.
Bond funds are still outperforming, posting an average gain of 0.87% in June, according to Lipper data.
The firm says cutting fees is its way of helping MPF members; on the flipside it hopes this will encourage long-term investing.
MPF portfolios have shed 10% of their assets in the first half of 2008 amid the extreme volatility in global capital markets.
Mandatory Provident Fund portfolios that invest in Greater China equities were the top performers in April, posting their highest average return since September 2007, according ...
HSBC Insurance is to spend HK$20 million on programmes that will help to raise awareness about retirement planning.
Funds that invest in South Korea, Hong Kong and China were still among top performers in October.