Asia
hk financial services sec wants lower mpf fees
Hong Kong’s Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung has called on the mandatory provident fund scheme providers to cut fees further.
sfc adviser review finds deficiencies
Hong Kong’s main financial regulator, the Securities and Futures Commission, said it has found “deficiencies” in the selling practices of licensed firms, after completing an inspection of companies selling investment products.
mpf admin fees may be capped
The authority which oversees Hong Kong’s Mandatory Provident Fund fund (MPF) operations is considering capping the fees MPF providers charge their customers, and has retained Ernst & Young to look into the pricing matter, according to a report published this morning.
asian investors should prioritise using
Investors in Asia should prioritise investing in assets with little or no correlation to financial markets, according to investment services provider PDL International’s chief representative in Asia, Keith Campbell Golding.
mpf returns fees vary substantially study
Almost half of some 341 Mandatory Provident Funds surveyed by a Hong Kong consumer body posted negative annualised returns for the last five years, spotlighting the challenge ahead for company employees who next month will begin to have the option of choosing their MPF providers.