Principal hitches ride on Asia pension reform

Principal Financial, one of the largest US providers of pension plans, has its eye on Asia in light of the many initiatives for pension reform in the region and the ageing population.

Rex Auyeung Pak-kuen, the group's Asia president, told the South China Morning Post that many Asian economies, including mainland China and Malaysia, were reforming their pension plan systems. Hong Kong's Mandatory Provident Fund scheme is also carrying out a reform to allow employees to have more control over their choice of providers.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1259446/principal-hitches-ride-asia-pension-reform