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3Novices:Are Hong Kong employees at the pivot when they can decide who manages their pension plans?

“We will proactively follow up various measures to optimise the MPF system.”
Chief Executive Carrie Lam Cheng Yuet-ngor
Election manifesto
One of the strangest things about the structure of Hong Kong’s Mandatory Provident Fund is that your employer, not you, picks the fund manager who will manage your MPF investments.
Think about this. Your employer has no interest in how well it is invested. He pays in his monthly MPF contribution and this is the last he sees of it. Now it…
July 17, 2017 at 07:58AM http://ift.tt/2uyI1IG
#3Novices #News #OnlineMedia #China 3Novices China

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