HK's MPF

Hong Kong pension battle kicks off

Principal's purchase of AXA’s HK retirement savings unit signals start of fight for HK’s HK$514 billion pension nest egg as fees fall.
November 09, 2014

The US’s Principal Financial Group has won the fiercely contested auction for Axa's retirement savings unit in Hong Kong for $335 million, as the fight to manage pensions in the aging territory intensifies.

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