Shoring up retirement - INTERVIEW - Magazine | Asia Asset Management
Published: April 3, 2024
Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) is bringing in more investment options for members of the HK$1.14 trillion (US$146...
Source: asiaasset.com
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Hong KongProvident FundHong Kong Mandatory Provident Fund Schemes AuthorityMandatory Provident Fund Schemes AuthorityMandatory ProvidentAsia Asset ManagementHong Kong Amp Rsquos Mandatory Provident Fund Schemes Authority Mpfa Is Bringing In More Investment Options For Members Of The Hk 1 14 Trillion Us 146 5 Billion This Interview With Asia Asset ManagementPfa Managing Director Cheng Yan Chee Gives An Overview Of How The Industry Supervisor Facilitates EnvironmentalOcial And Governance Passive Investments He Also Provides An Update On The Digital Empf PlatformHich Is Slated To Be Fully Completed Next Year What Do You Think Of The Mpf Amp Rsquos Trend Allocating Exchange Traded Funds In Recent Years Mpfa Has All Along Been Committed Driving Continual Reduction Fund Fees For Benefit Scheme Members Through Various MeansNcluding Promoting The Use Of EtfsHich Are Generally Lower Cost Options As Compared To Actively Managed Funds Over The YearsHe Mpfa Has Been Facilitating Wider Use Of Etfs By The Mpf Industry Through Measures Such As Approving Investments In Index Tracking Collective Investment Schemes And Refining Scheme Constituent Fund Approval CriteriaHich Require Consideration To Be Given Using Index Tracking Investment Options Such As Etfs At December 2023He Total Amount Of Mpf Investment In Hong Kong Listed Etfs Amounted To Hk 36 BillionEpresenting An Increase Of 12 Froma Year Ago The Mpfa Also Encourages Etf Providers To Discuss With Mpf Trustees And Investment Managers Design Products Which Could Facilitate Development Low Cost Retirement Solutions That Better Serve Scheme Members Amp Rsquo Needs Introduced Principles For Adopting Sustainable Investing In Risk Management Process Funds 2021 How Do These Help Integrating Esg Factors Lay Downa High Level Framework Assist Into Making Relevant Disclosures Requires Disclose Strategy Implementation Progress All Schemes Their Annual Governance Reports From Financial Years Ending On Or After November 30022 By End 2023He Mpfa Received The First Annual Governance Reports Of All Mpf Schemes With Sustainable Investing Strategy And Implementation Progress Disclosed Are Made Available On Websites Respective Trustees Sponsors While Principles Do Not Require Existing Funds To Be Converted Into Esg ThemedHey Generated Positive Response From The Mpf Industry In Developing Esg Themed Constituent Funds So FarHe Mpfa Has Approved Five Esg Themed Constituent Funds The Will Continue To Monitor Whether Adequate Disclosure Is Made By TrusteesNd Consider Whether Any Further Guidance Is Required How Does The Mpfa Diversify Investment Scope Of Mpf Financial Secretary Announced In 2023 2024 Budgeta Plan To Earmarka Certain Proportion Future Issuances Government Green Bonds For Priority By Funds Has Since Worked With Hong Kong Monetary Authority Making Necessary ArrangementsNd The Priority Allocation Arrangement Has Been Put In Place Since June 2023 Mpf Is An Important Source Of Retirement Income For Scheme Members To Protect Their Savings From Unnecessary RisksNvestment Regulations Are In Place To Strikea Balance Between Flexibility Achieve Investment PerformanceNd Safeguarding Against Avoidable Risks Such As LiquidityRedit And Concentration Risks The Mpfa Has Been Expanding Permissible Investment Universe In Light Of Market Developments Response To Scheme Members Amp Rsquo Aspirations For Example 
