More MPF changes coming, but friction remains
As Hong Kong's Mandatory Provident Scheme Authority releases its 15-year performance review ahead of reforms due this year, the city's funds industry still sees issues to be tackled.
Among the new initiatives due for rollout this year under Hong Kong’s Mandatory Provident Fund (MPF) Scheme are a global balanced reference portfolio and a centralised system for administering MPF payments.
But fund managers are still unhappy about certain aspects of the coming reforms, such as those regarding fee caps, as the Mandatory Provident Fund Schemes Authority (MPFA) last week celebrated the 15th anniversary of the pension system.
The centralised electronic contribut…
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