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AIA Teams With Citibank: 49 Branches to Sell MPF

2011-04-01
Marcus Tang

What does bank distribution mean for MPF?

With Employee Choice a year away, the battle has begun: AIA allied with Citibank to sell MPF through 49 Hong Kong branches; RCM targets institutional clients instead, while China Life Overseas admits bank partners are hard to find. Branch networks are the new battleground.

What should you watch buying via banks?

Convenience aside, terms and fees rule. Before signing anything, compare funds’ fees and track records yourself — never buy just because the pitch was smooth.

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