As the Mandatory Provident Fund Authority rolls out a new default fund for its members, one of the chief architects of pension reform in Hong Kong prepares to retire from the regulator.
Tag : darren mcshane
Market participants debated issues around plans to bring in a core fund and full portability under Hong Kong's Mandatory Provident Fund scheme.
The low level of contributions made to Hong Kong's Mandatory Provident Fund scheme limits what members can invest in, argues Darren McShane of the MPF Authority.
As Hong Kong introduces employee choice to its Mandatory Provident Fund system, ensuring such choices are wise poses a big challenge.
Employee Choice Arrangement offers Hong Kongers a new right over how their pension assets are invested.