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
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.