Industry scheme enrolment in Hong Kong's new pension system has grown steadily over the last six months, surpassing the 130,000 projected mark.
By the end of last month about 150,000 employees, 10,600 employers and 21,000 self-employed people have joined the industry scheme, according to the Industry Schemes Committee of the Mandatory Provident Fund Schemes Authority (MPFA)..
Chairman of the Industry Schemes Committee, Lee Kai-ming, said that overall operation of the industry schemes had been satisfactory. However, he said operation modes of the catering and construction industries had made it difficult to implement the industry schemes.
By Janet Du Chenne
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point