Amvescap chief lauds MPF

Charles Brady thinks Hong Kong has what may be the world''s best pensions framework.

Charles Brady, executive chairman at Anglo-American money manager Amvescap, says Hong Kong's Mandatory Provident Fund scheme may be the best framework in the world, and that the rest of the region should emulate it. MPF is on the leading edge by linking a worker's pension to his ability to move while remaining invested in capital markets it's the right start.

He made his remarks to an audience of financial professionals at a lunch in Hong Kong hosted by the American Chamber of Commerce. Invesco, which is the US-based fund management arm of Amvescap, offers an MPF master trust scheme.

He believes the next step for Hong Kong is to work on investor education,...

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