pensions.hk

Jul 11 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 mln over incentives given to unauthorised agents for MPF scheme

by News Desk

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HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 10 2024

Hong Kong, Korea, Mainland, Stocks

Expat Retirement Savings at Risk in Maze of Pension Transfers

by News Desk

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(Bloomberg) — For the millions of expats who leave pension pots behind as they job-hop through the world’s financial hubs, retrieving that money has become a costly experience fraught with...

Jul 10 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 mln over incentive offers to agents around MPF scheme

by News Desk

No Comments

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 09 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 million over incentives given to unauthorised agents for MPF scheme

by News Desk

No Comments

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 09 2024

Hong Kong, Korea, Mainland, Stocks

HSBC fined $3 million over incentive offers to agents around MPF scheme

by News Desk

No Comments

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong...

Jul 04 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF scores best first half since 2019 as assets hit record of US$157 billion

by News Desk

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The retirement scheme earned HK$12,500 (US$1,600) for each of its 4.75 million members in the first half of 2024 as stock markets rallied, according to MPF Ratings.

Jul 04 2024

Hong Kong, Korea, Mainland, Stocks

Hedge Funds Lose Favor in Australia’s $2.6 Trillion Pension Pot

by News Desk

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One of the world’s fastest growing pools of retirement capital is reducing its investments in hedge funds as regulatory scrutiny grows on fees and performance at Australian pension funds.The average...

Jul 02 2024

Hong Kong, Korea, Mainland, Stocks

How a former Millennium exec’s new $1 billion hedge fund is standing out from a sea of multistrategy choices

by News Desk

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Jonathan Xiong was an executive at Millennium and Goldman Sachs before starting Arrowpoint Investment Partners, which has attracted investors like Blackstone.

Jun 27 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s eMPF Platform launch allows 4.75m employees to manage retirement funds online

by News Desk

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Hong Kong successfully launched the eMPF Platform on Wednesday, the most significant reform of the city’s compulsory retirement scheme since its establishment in 2000. YF Life Trustees became the …

Jun 25 2024

Hong Kong, Korea, Mainland, Stocks

German Allianz to invest in China’s mega pension company with 2% stake

by News Desk

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Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension.AGI...