A newly formed body that aims to represent Hong Kong pension providers has appointed industry veteran Heman Wong as its chief executive.
Wong served as executive director at the Hospital Authority Provident Fund Scheme, a major Hong Kong pension fund, until December 2016 – a total of nine years.
The Pension Schemes Association reportedly has six founding members: AIA, Fidelity International, HSBC, Manulife, Principal and Sun Life.
The aim of the association is to represent companies that provide pensions to the members of Hong Kong’s Mandatory Provident Fund.
So far, these firms have lacked an industry body to coordinate their negotiations with the government on issues such as management fees and an electronic platform, according to reports.
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