Category: Uncategorized

Jan 13 2022

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Standard Chartered buys MPF trustee RBC Investor Services to tap Hong Kong’s growing retirement market

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Standard Chartered, one of the three note-issuing banks in the city, has agreed to buy RBC Investor Services Trust Hong Kong, expanding into Mandatory Provident Fund trustee business.

Jan 12 2022

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Hong Kong’s brain drain worsens as expats and locals flee the city

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Both the city’s strict COVID-19 polices and the imposition of the national security law have prompted a population outflow that looks set to intensify in 2022.

Jan 11 2022

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Hong Kong’s brain drain worsens as expats, locals flee city

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An exodus of expatriates and locals from Hong Kong is poised to intensify in 2022, as policy makers continue their crackdown on civil society and brush off an increasing uproar...

Jan 07 2022

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Hong Kong’s compulsory pension scheme records worst performance in three years, pays for over reliance on Hong Kong and Chinese stocks

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Both China and Hong Kong equity funds last year reported their worst losses in 10 years, which hit many members hard as they are the most popular fund choices and...

Jan 06 2022

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Hong Kong Reviewing Tax-Privileged Retirement Products

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Authorities in Hong Kong have launched a review into two tax-deductible retirement savings products: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible …

Dec 31 2021

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Hong Kong’s MPFA highlights three areas to bolster MPF system

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Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) will focus on optimising Monetary Provident Fund investments, one of three areas where it’s looking to bolster development of the city’s …

Dec 25 2021

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Hong Kong’s pension scheme heads for first loss since 2018, prompting fund managers to seek wider investment scope

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The Mandatory Provident Fund is on course to report its first loss since 2018 due to a slump in the Hong Kong and mainland equity markets.

Dec 24 2021

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Benefits newsmakers roundup: BNY Mellon Wealth Management, Human Interest, Liberty Mutual

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And news from Morningstar, PenChecks Trust, American Society of Pension Professionals & Actuaries, RecoveryOne, T. Rowe Price.

Dec 24 2021

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Hong Kong to let MPF invest in China sovereign, policy bank bonds

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Hong Kong will allow the Mandatory Provident Fund to invest in China’s sovereign and policy bank bonds. Each of the roughly 320 MPF funds will be able to allocate up...

Dec 23 2021

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Beijing offers pensions to certain foreigners

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Foreigners who have gained permanent resident status in China, as well as residents from Hong Kong, Macao and Taiwan currently in Beijing, are eligible for the capital’s basic pension plans,...