Fidelity International has revealed a strategic partnership with one of Beijing ’s largest fund managers aiming to fill a gap in the country’s embryonic private pensions system. Fidelity International will act as research consultant providing advice to ChinaAMC on a series of target-date funds designed to maximise the value of a pension pot at the time of retirement. China ’s millennials face a pension shortfall, according to new research conducted by Fidelity and Yimei Li , just 44% of millennials in China have begun putting money towards their pension savings underscoring the generation's lack of retirement planning.
Fidelity International has revealed a strategic partnership with one of China’s largest fund managers aiming to fill a gap in the country’s embryonic private pensions system. Fidelity will act as research consultant providing advice to ChinaAMC on a series of target-date funds designed to maximise the value of a pension pot at the time of retirement. China’s millennials face a pension shortfall, according to new research conducted by Fidelity and Ant Fortune, just 44% of millennials in China have begun putting money towards their pension savings underscoring the generation's lack of retirement planning.