Asia-Pacific finance ministers are set to discuss the role of governments in providing a safety net for privately managed pension schemes at a planned summit on pension reform. The Hong Kong Government has drawn up a range of issues to be discussed following a resolution by the Asia-Pacific Economic Co-operation (Apec) forum at a meeting in Cebu earlier this month. Singapore and Mexico have volunteered to host the meeting later this year. Governments across the region are being compelled to reconsider their pension strategies because of rapidly ageing populations and spiralling pension costs. Hong Kong's Mandatory Provident Fund and Chile's new self-funding scheme will be used as examples of reform packages. Because of the member economies' widely differing characteristics, the Hong Kong and Chile schemes are unlikely to be seen as templates. Issues likely to be discussed will be controlling administration costs, cover for low income groups, assessing the role of governments in providing insurance and warranties, and ensuring compliance. According to a government memo, other matters will include the sustainability of pension schemes, the relative role of the public and private sectors, and strategies for mobilising long-term financing. Broad policy matters ranging from the implications for domestic savings and capital market development through to the prudential regulation of pension funds will also be considered. Greg Cooper, a director of actuarial and asset consulting at benefit consultancy Towers Perrin, said there was widespread private sector interest in the delegation of systems to the private sector. Mark Konyn, senior director of institutional asset management for Fidelity Investments, said the central issue at the meeting would be for governments to decide on pension policies.