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 . China's regulators earlier this year approved the first batch of target-date fund products for the country's new "third pillar" individual retirement accounts. Fidelity will act as research consultant providing advice to ChinaAMC on a series of target - date funds designed to determine the value of a pension pot at the time of retirement . China ’s youth 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 .
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 determine the value of a pension pot at the time of retirement . China ’s youth 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 .