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Results 1 - 10 of 7234 for mandatory provident fund schemes authority

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  1. Half the workforce unaware of MPF scheme charges

    Posted Nov 15th 2003, 12:00am by Patsy Moy

    ... returns. The council study did not cover such areas. The Mandatory Provident Fund Schemes Authority said yesterday it welcomed the council study and its recommendations. An authority spokesman said ... Provident Fund schemes when they join them, a Consumer Council survey has found. The council has called on fund managers to issue standard wordings and formats for clients so they will be more aware ...

    http://www.scmp.com/article/434703/half-workforce-unaware-mpf-scheme-charges
  2. Retirement scheme loses 15pc

    Posted Jul 03rd 2003, 12:00am by Mary Ann, Mary Ann Benitez

    ... that the authority's provident fund over the past 10 years had recorded an average rate of return of 6.04 per cent a year. He said the rates of return of Mandatory Provident Fund Schemes with a comparable ... for the health services sector, Michael Mak Kwok-fung, Secretary for Health, Welfare and Food Yeoh Eng-kiong said the investment return for the Hospital Authority Provident Fund Scheme fell by nearly ...

    http://www.scmp.com/article/420464/retirement-scheme-loses-15pc
  3. Lifetime working

    Posted Sep 15th 2003, 12:00am by Staff Reporter

    ... The Mandatory Provident Fund (MPF) was devised to look after Hong Kong's ageing population. Anyone who retires at 60 receives MPF benefits until around 75. While this is a precautionary measure, the elderly surely can have a better living. As there is lifelong learning, why shouldn't there be lifetime working? We should be able to assure workers of employment ...

    http://www.scmp.com/article/427901/lifetime-working
  4. Mainland considers tracker fund

    Posted Sep 24th 2003, 12:00am by Enoch Yiu

    ... executive for State Street, said the Hong Kong Tracker Fund remained popular with investors even after the government ceased its quarterly disposal plan. Many Mandatory Provident Fund managers would ... have a fair amount of meetings with various authorities and regulators in Beijing and Shanghai to discuss creating a tracker fund in China,' Mr Harbert said. He said mainland officials ...

    http://www.scmp.com/article/428888/mainland-considers-tracker-fund
  5. Hedge fund chief urges freer rein from regulators

    Posted Sep 18th 2003, 12:00am by Enoch Yiu

    ... for the Mandatory Provident Fund Schemes Authority (MPFA) dismissed the idea. While hedge funds offer the chance to earn high returns in all types of markets, badly managed ones can leave investors ... Investments of less than US$50,000 should be allowed, Barep director says Regulations governing hedge funds are too restrictive, which explains why just seven funds targeting retail ...

    http://www.scmp.com/article/428289/hedge-fund-chief-urges-freer-rein-regulators
  6. Untouchable fund

    Posted Aug 22nd 2003, 12:00am by Staff Reporter

    ... I refer to the letter 'Mortgage relief' (August 20). I disagree with correspondent Tom Wang's idea of using the mandatory provident fund (MPF) for mortgage relief. The MPF has its own purpose of helping people to save money for their retirement. If we can withdraw money from the fund, then it is just another savings account. The MPF not only affects ...

    http://www.scmp.com/article/425524/untouchable-fund
  7. Karaoke bar to pay MPF $50,000

    Posted Aug 21st 2003, 12:00am by Staff Reporter

    ... Popular karaoke bar Big Echo was yesterday ordered to pay almost $50,000 to the Mandatory Provident Fund Schemes Authority after it was found to have breached the fund ordinance. Big Echo, owned by First Karaoke (HK) Ltd, was among three companies targeted by the authority at the Small Claims Tribunal. An adjudicator ordered Big Echo, in the absence of its owner, to pay ...

    http://www.scmp.com/article/425403/karaoke-bar-pay-mpf-50000
  8. Workers take increased pension risk

    Posted Nov 10th 2003, 12:00am by Enoch Yiu

    ... as the stock market rebounds. According to figures from the Mandatory Provident Fund Schemes Authority (MPFA), two million employees are putting more of their pension contribution into stock and balanced funds and less into the more conservative options such as guaranteed or capital preservation funds. Under Hong Kong's compulsory Mandatory Provident Fund (MPF) scheme, employers ...

    http://www.scmp.com/article/434103/workers-take-increased-pension-risk
  9. Lawyers' revolt leaves insurance scheme in doubt

    Posted Aug 23rd 2003, 12:00am by Ravina Shamdasani

    ... an increase in mandatory contributions. The society is reviewing whether solicitors should be allowed to find their own insurance on the open market. At present, its professional indemnity fund provides insurance to all registered law firms in Hong Kong. Solicitors struggling in the economic downturn have had to pay money in addition to their regular contributions to cover the fund ...

    http://www.scmp.com/article/425640/lawyers-revolt-leaves-insurance-scheme-doubt
  10. Changes to Singapore's pension fund may dampen home buying

    Posted Sep 24th 2003, 12:00am by Peggy Sito

    ... 'Prices will probably be listless as the market comes to terms with the Central Provident Fund (CPF) changes,' the consultant said. Last month the Singapore government announced that CPF ... 1 next year, to $5,000 by 2005 and to $4,500 by 2006. The overhaul to the 48-year-old S$100 billion pension scheme, which many residents use to fund mortgages, was expected to add pressure ...

    http://www.scmp.com/article/428902/changes-singapores-pension-fund-may-dampen-home-buying

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