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  1. Surprise, anger over another costly delay to MPF reforms

    Posted Oct 05th 2010, 12:00am by Enoch Yiu

    ... these concerns- which this column also raised- but continued to sit on its hands. A big problem is that the Mandatory Provident Fund Schemes Authority has no power to regulate the conduct of the 27,000 ... Enoch Yiu The government's decision last week to postpone the introduction of the long-awaited 'employee choice arrangement' for the 2.3 million Mandatory Provident Fund ...

  2. Government should prepare now for MPF rule change

    Posted Apr 27th 2010, 12:00am by Enoch Yiu

    ... and Futures Commission. The Mandatory Provident Fund Schemes Authority handles the overall MPF regulation but it relies on other regulators to regulate the salespeople. Bankers, insurance agents ... to choose their own Mandatory Provident Fund providers for their part of their pension contributions. The change is expected to increase competition and give greater choice to employees. At present ...

  3. MPF fund provider starts war over fees

    Posted Jun 04th 2010, 12:00am by Enoch Yiu

    ... or 40 years.' A spokesman for the Mandatory Provident Fund Schemes Authority welcomed BOCI-Prudential's move. 'We want to encourage other MPF providers to follow ... the chief executive of BOCI-Prudential, said the overall fees on Mandatory Provident Fund accounts had room to drop further. 'The MPF has been established almost 10 years and total assets ...

  4. The unbearable lightness of being a symbolic MPF Tree

    Posted May 30th 2010, 12:00am by Jake Van Der Kamp

    ... They are most commonly seen on Sunday afternoons in Victoria Park although this one for the Mandatory Provident Fund was held on a Friday in West Kowloon. The idea is to get a lot of song and dance ... and employees can't do anything about it. But the only reform that the MPF Authority is willing to countenance is a made-by-committee alternative to let employees appoint managers only ...

  5. No change in MPF fees despite widening of fund providers

    Posted Mar 15th 2010, 12:00am by Enoch Yiu

    ... different fund choices in the scheme. Former Mandatory Provident Fund Schemes Authority chairman Henry Fan Hung-ling proposed the change in a bid to introduce more competition to the industry ... Enoch Yiu The government's effort to reduce inflated Mandatory Provident Fund (MPF) fees has failed so far despite fund providers facing stiffer competition for clients from next ...

  6. Staff satisfaction key to business success

    Posted Jan 23rd 2010, 12:00am by Nora Tong

    ... that require it. Lau Ka-shi, managing director and chief executive officer of Bank Consortium Trust, one of the top five service providers in the Mandatory Provident Fund (MPF) market and the main sponsor of the conference, said as a result of regulatory changes, employees would be able to transfer their portion of mandatory contributions made under their employment to an MPF scheme ...

  7. In Brief

    Posted Aug 20th 2010, 12:00am by Staff Reporter

    ... they retrieved their Mandatory Provident Fund investments at the age of 65. ...

  8. Delay to MPF reforms just takes contributors for even bigger ride

    Posted Oct 03rd 2010, 12:00am by Jake Van Der Kamp

    ... that the Mandatory Provident Fund reform is being put off in order to better protect MPF contributors? Get that woman some Pearl River pylons. In ripe excuses we have outdone Guangzhou. What this delay ... his nose if you are robbed. His need is to keep up good relations with his bankers and this is the basis on which he makes the choice of who runs your money. Yes, this is a retirement scheme ...

  9. MPF authority moots employer blacklist

    Posted Oct 08th 2010, 12:00am by Dennis Eng

    ... by the Mandatory Provident Fund Schemes Authority to stiffen the punishment for employers who don't pay into the retirement accounts. However, a representative of the pension funds industry questioned ... of parties, an authority spokesman said. Under the compulsory retirement scheme, employees contribute 5 per cent of their salary, capped at HK$1,000 a month, to the retirement fund. This is matched ...

  10. MPF failing to deliver, says authority chief

    Posted Nov 30th 2010, 12:00am by Martin Wong

    ... Martin Wong The Mandatory Provident Fund is failing to provide full retirement security, and a debate is needed on how it can be improved. That was the verdict on the scheme, established ... scheme has not been seen as providing adequate protection for retirement or as universal.' This was despite its success in amassing more than 2.45 million participants, aggregate net assets ...




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