Why China should simplify its pension oversight

As China seeks to improve the amount of retirement savings in the country, the government will need to bolster savings in its second and third pillars. Doing so would create cost savings and product synergies and maximise the effectiveness of the entire pension system.  But getting this to happen will require getting an array of territorial and overlapping regulators to agree on the way forward. And their disputes risk badly eroding any such potential synergies. Different watchd…