Mercer Investment Consulting is bringing its retail ratings and web platform, MercerFundWatch.com, to Hong Kong after operating it for two years in Singapore. The service will be available starting in April and is aimed to give funds distributors and financial advisors a tool for the retail and retirement market.
The consultancy launched its retail funds ratings and the web-based platform in Singapore as an acknowledgement that, globally, retirement schemes are increasingly shifting to defined contribution, even in national social security systems. Singapore's CPF members have long been able to invest part of their savings into authorized unit trusts, but face such a bewildering supermarket that they or their advisors...
