HONG KONG - The government has put pressure on investment managers to lower the fees they charge to run money for the massive Mandatory Provident Fund.
Kentucky Retirement System, Mercer, PensionsFirst, Towers Watson, Northern Trust, J.P. Morgan
HONG KONG - Government plans to provide an extra HK$24bn ($3.1bn) for Mandatory Provident Fund (MPF) members may miss an important opportunity to stimulate retirement savings, Mercer believes.
HONG KONG - The Mandatory Provident Fund has failed in its task to encourage additional savings, but pending legislation to encourage members to move their assets into other savings vehicles will do just that, said RCM.
HONG KONG - Hong Kong should limit fees for the city's mandatory pension fund and encourage workers and companies to increase contributions, Mercer says.
HONG KONG - Hong Kong based asset manager Value Partners Group cut management compensation by 92%, its interim report for 2009 revealed.
HONG KONG - Hong Kong-based retirement funds have soared over 20% since the end of March on the back of strong regional stock markets, according to a research by fund manager RCM.
HONG KONG - Hong Kong's Mandatory Provident Fund, the city's compulsory retirement savings plan, may be headed for its largest annual loss since inception after declining 15% between April and September.
As changes are introduced to improve Singapore and Hong Kong's mandatory pension systems, industry insiders are urging a more radical overhaul to deal with the countries' looming aging issues. Keren Holland reports from Singapore and Hong Kong
HONG KONG - Merrill Lynch's China Investment Banking chairman Wilson Feng has resigned.
HONG KONG - Institutional investors at a recent Watson Wyatt Ideas Exchange seminar examining their investment beliefs in equity strategies gave 130/30 funds short shrift.
HONG KONG - As much as HK$126bn in pension fund cash will be up for grabs when employees are given the right to freely choose their Mandatory Provident Fund (MPF) investment companies.
HONG KONG - Fortis Investments has opened an investment and sales office in the Fortis Bank Tower in Hong Kong.
ASIA - Jack Lin has been appointed regional managing director for Asia at Franklin Templeton Institutional.
HONG KONG - Assets under Management (AuM) for hedge funds in Hong Kong have more than doubled to US$33.5bn in the past two years, an SFC survey has found.
HONG KONG - Dutch pension fund giant ABP is set to open an office on Hong Kong at the start of 2007 as part of a strategy to increase its Asian non listed real estate and start infrastructure investments.
Hong Kong - Credit Suisse has appointed Anthony Iliya to the role of executive vice chairman of asset management for the Asia Pacific region.
HONG KONG - Two companies were fined a total of HK$95,000 (US$12,000) for failing to make contributions to the Mandatory Provident Fund on behalf of employees.
HONG KONG - SEI appointed James Leung as client portfolio manager for the Asia Pacific Region based in Hong Kong.
HONG KONG - Hong Kong's Mandatory Provident Fund (MPF) System recorded an annualised return of 6.99% over the five-year period to March 2006, however, people invested solely in money market funds reaped a return of just 0.6%.
HONG KONG - Amy Cho, formerly of First State Investments, has been appointed regional head of business development for Pictet's Hong Kong institutional business.
HONG KONG - Hong Kong's Securities and Futures Commission (SFC) may issue further guidelines on the disclosure of conflicts of interest by financial advisers and intermediaries after identifying ongoing problems of mis-selling within the market.
HONG KONG - The US$3.7bn Hospital Authority Provident Fund Scheme is mulling the addition of a further fund of hedge fund provider to compliment its two existing fund of funds, which manage 5% of the defined contribution scheme's total assets.
HONG KONG - The Hong Kong government is expected to draft a Bill over the coming months which will, in part, remove some of the undue restrictions on the investment of Mandatory Provident Fund (MPF) funds.