Charge flat fees for MPF, says Watson Wyatt

The investment consultant tackles an array of subjects for institutional investors during its annual performance seminar.
Hong Kong needs to restructure the way fees are levied in its Mandatory Provident Fund system, so that administration charges are changed from a percentage of assets under management to a flat fee per member, says Philip Tso, consultant at Watson Wyatt.

He made his comments at the consultancyÆs annual seminar on manager investment performance in Hong Kong, which as usual attracted the bulk of the territoryÆs asset management community. Watson Wyatt uses the high-profile morning to showcase the latest ideas in global investment management, although this year it did not detail results from its annual survey of institutional money management in Hong Kong.

In addition to tackling reform of Hong KongÆs retirement schemes, Watson...
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