China fund hires Principal for training

The main issue for the State Council has not been what pension model to follow, but how to implement it. The national pension fund is meant to capture assets solely for pensions and act as a payer of last resort after municipal and provincial coffers run dry. It is meant to be funded through a variety of means, including IPO proceeds. Many market players believe that over time it will become Asia’s biggest institutional investor. But getting the fund off the ground as part of a nationwide pension reform programme has been difficult.