How Was Convoy Building Its MPF Back Office?

What did Convoy say in 2010?

In November 2010, Convoy CEO Feng Xuexin said specialists had been hired to grow the MPF business — then under 1% of revenue versus 99% from investment products — with the share to expand gradually. With semi-portability braked, she said the extra time allowed better preparation, with more 2011 resources for back-office systems to integrate MPF with the firm’s other services for fuller wealth management.

Why back an independent insurance regulator?

Feng said Convoy supported an independent Insurance Authority — Hong Kong as an international financial centre needed a unified, professional regulatory standard.

What should members take away?

An intermediary’s back-office strength directly affects your switching and account-checking experience. Don’t rely on sales talk — check the data at MPF fund comparison.