Market participants debated issues around plans to bring in a core fund and full portability under Hong Kong's Mandatory Provident Fund scheme.
As Hong Kong introduces employee choice to its Mandatory Provident Fund system, ensuring such choices are wise poses a big challenge.
The firm's intention with MPFexpress.com is to familiarise itself with the city’s evolving pension system to help corporates help individuals. It admits there is a philanthropic element, too.
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 interest.
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 last decade has seen Brazil grow fastest followed by Australia, while the only positive allocation in the past 15 years has been to alternatives, finds a Towers Watson study.