AsianInvestor has identified 20 outstanding executives who are driving forward the region's pension industry. Today, we feature executives from Hong Kong's MPFA and India's HDFC Pension Management.
GIC to invest more than $800 million to acquire logistics facilities in Japan; Korea Post mulls second overseas office; Hong Kong MPF's offset mechanism to end on May 1, 2025; and more.
MPFA Chairman's term extended; Prudential HK hires responsible investment manager; Muzinich names Asia CEO; LaSalle IM reshuffles Japan team; PGIM appoints institutional relations head for Australia, New Zealand; Natixis IM gets regional head of equity; and more.
Hong Kong’s retirement fund industry has discussed streamlining the administration for managers and members since 2014. The eMPF platform planned for 2025 is set to resolve a major “pain point”.
Extreme market conditions explain some, but not all, of the reasons for the sharpest contraction in Hong Kong’s retirement fund since 2008 - reforms are needed to the 22-year-old system.
As the Mandatory Provident Fund Authority rolls out a new default fund for its members, one of the chief architects of pension reform in Hong Kong prepares to retire from the regulator.
MPFA appoints new chairman; Credit Suisse hires CEO from Prudential; Vanguard promotes executives; Lim takes on Arena founder; Nedbank boosts Dubai team with hire; and Towers makes insurance appointment.
The fund industry's arguments over active management have been dismissed by the Hong Kong government and the pension authority, paving the way for the introduction of a low-cost and largely passive default fund.
Market participants debated issues around plans to bring in a core fund and full portability under Hong Kong's Mandatory Provident Fund scheme.
Hong Kong's pensions regulator has proposed introducing core funds with capped fees and more use of passive strategies, but not everyone sees the suggested changes as workable.
Can employee choice make Hong Kong's MPF loved?
As Hong Kong introduces employee choice to its Mandatory Provident Fund system, ensuring such choices are wise poses a big challenge.