Unions 'an option' to run MPF schemes

Pensions chief suggests NGO involvement may help force down management fees, but lawmakers and investment firm raise doubts

Anna Wu Hung-yuk, Chairman of Mandatory Provident Fund Schemes Authority. Photo: May Tse

Mandatory provident fund schemes run by non-profit organisations could be an option to drive down management fees, the head of Hong Kong's pension fund regulator says.

Anna Wu Hung-yuk cited trade unions and industry associations as an example of possible alternatives to the current scheme providers from the finance industry.

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