Mending the Pension Gap Challenges

Mending the Pension Gap Challenges

Events

Mercer’s Pension Seminar — Mending the Pension Gap Challenges: The Time is Now

22 August 2017  Hong Kong, HongKong

  • Overview
    • The retirement savings deficit is one of the greatest global crises of our time, for which there is no one silver bullet. Today the gap between expected annual retirement income and the savings in the outdated pension systems of the eight largest countries in the world is $70 trillion which without action will grow to $400 trillion by 2050 — a growth of $28 billion each day. Addressing this challenge will take concerted action on the part of governments, employers and financial intermediaries.

      This seminar will be an interactive discussion and exchanges of ideas on how well prepared are we to sustain ourselves and future generations into old age.

  • Agenda & Speakers
    • 2:30-3:00 pm

      Registration

      3:00-3:05 pm

      Welcome Address

      Lisa Sun, CEO, Hong Kong & Asia Zone Leader, Mercer

      3:05-3:35 pm

      Keynote Presentation

      Julio A. Portalatin, President and CEO, Mercer

      3:35-4:20 pm

      Panel Discussion - Mending the Local Long-Term Savings Gap

      Moderator:
      Billy Wong, Wealth Business Leader – Hong Kong, China and Korea

      Panelists:
      Alfred S K Yip, Head of Pensions, The Hongkong & Shanghai Banking Corporation
      Cheng Yan-chee, Chief Corporate Affairs Officer and Executive Director, Mandatory Provident Fund Schemes Authority
      Julio A. Portalatin, President and CEO, Mercer
      Vanessa Wang, Chairlady, The Hong Kong Retirement Schemes Association

      4:20-5:00 pm

      Networking Cocktail

       

  • Panelists’ Biography
    • Mr Cheng Yan-chee is the Chief Corporate Affairs Officer and Executive Director of the Mandatory Provident Fund Schemes Authority (“MPFA”).  Before joining MPFA in 2013, he worked for the Hong Kong Special Administrative Region Government, holding positions including Deputy Director of Information Technology Services (1999-2001), Deputy Secretary for Education and Manpower (2001-06), Deputy Director-General of Trade and Industry (2006-07), Deputy Secretary for Financial Services and the Treasury (2007-11) and Deputy Secretary for Home Affairs (2011-12). He is also a serving member of the Executive Committee of Investor Education Centre.

       

      Mr Alfred Yip has been appointed as Head of Pensions since 2015. He is responsible for the strategic leadership and management of all aspects of the pension business in Hong Kong, primarily focusing on Mandatory Provident Fund and Occupational Retirement Schemes.

      Mr Yip joined HSBC in 1993 and has since held numerous positions within the HSBC Group, including Head of Quantitative Strategies, Asia Pacific, Asset Management Group and Chief Investment Officer for Insurance.  Before assuming the current role as Head of Pensions, Mr. Yip held the role of Head of Product for Asset Management Group in Asia Pacific and was responsible for overseeing product strategy, development and management within the region.

      Prior to his work with HSBC, Mr Yip held positions with the Hong Kong Government.

       

      Ms Vanessa Wang joins as a Managing Director in Amundi Hong Kong Limited, the North Asia Regional Headquarter of Amundi Asset Management, the largest European Asset Manager with over$1.3 trillion AUM. Based in Hong Kong, Vanessa leads the Sales and Marketing, teams and works with Client Servicing team to provide investment solutions to Central Banks, Sovereign Wealth Funds, Pension Funds and Corporates, and is responsible for lnstitutional Business for North Asia region.

      Prior to joining Amundi, Vanessa was a Managing Director and Asia Pacific Head of Pensions in Citigroup since 2010, working across various Citi Markets and Securities Services teams to advance pension fund investments and solutions. Vanessa was a member of the Leadership team of Citi Securities Services Asia Pacific, and one of the 50 Citiwomen selected globally for Women Leading Citi program 2014-2015.

      Moving from New York to Beijing in 2006, Vanessa has over 20 years of experience in pension advisory in U S and in Asia Pacific. Her expertise includes pension reform and investment management. Prior to joining Citi, Vanessa was a Partner and Asia Head of the Retirement, Risk and Finance business in Mercer.

      In addition to her business role, Vanessa also involved in advisory to pension industry and regulators in Asia. Vanessa is the Chairman of The Hong Kong Retirement Schemes Association, the leader of Retirement lncome Workstream of Asia Pacific Financial Forum under APEC, and a member of World Economic Forum's Global Council for lnsurance and Asset Management lndustry.