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Results 1 - 10 of 943 for mandatory provident fund schemes authority

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  1. Fund providers chase after itinerant employees' accrued benefits

    Posted Jun 29th 2005, 12:00am by Allan Nam

    ... been quite supportive of our efforts,' he said. About 10 per cent of AIA-JF Mandatory Provident Fund Services scheme members made voluntary contributions, Mr Crewe said. ... Reports by Allan Nam PENSION PROVIDERS WANT to expand their Mandatory Provident Fund business by attracting the accrued benefits people have amassed through changing employers. As most ...

  2. Membership disappointed over delays to scheme

    Posted Jan 18th 2011, 12:00am by Staff Reporter

    ... the retirement interests of employees, Convoy Financial says that the Mandatory Provident Fund Schemes Authority (MPFA) should enhance the existing requirements/regulations on the MPF ... A survey concerning the Mandatory Provident Fund shows investors want full control over the choice of service provider, except for the way they invest their retirement savings. The survey, ...

  3. Hospital and school provident funds to book losses from Lehman Brothers bankruptcy

    Posted Oct 03rd 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung As if a 35 per cent drop in the Hang Seng Index this year was not bad enough, the 35,000 members of the Hospital Authority Provident Fund Scheme have fallen victim to the bankruptcy of US investment bank Lehman Brothers. Scheme administrators say the fund portfolio includes Lehman Brothers bonds, securities and derivatives but that they account for less than 1 per ...

  4. Worker contributions outstrip target

    Posted Aug 01st 2005, 12:00am by Enoch Yiu

    ... envisaged by government planners when the scheme was introduced five years ago, and overall fund returns have been unveiled for the first time. Annual contributions to the Mandatory Provident Fund (MPF) have reached $24 billion a year. When the scheme began in 2000, it was expected to draw $10 billion a year, according to Mandatory Provident Fund Schemes Authority chairman Charles Lee ...

  5. Emphasis must be on strategy and thinking long term

    Posted Jul 29th 2008, 12:00am by John Cremer

    ... 'Awareness is growing, but there is some way to go on the education front,' Mr Sadler said. 'We still need a joint effort by the Mandatory Provident Fund Schemes Authority and companies ... John Cremer One message about the Mandatory Provident Fund (MPF) that scheme providers and financial advisers have consistently sought to hammer home is the need to think long term. ...

  6. A private function

    Posted Feb 21st 2005, 12:00am by Staff Reporter

    ... both suggested reviving the TPS as a means of raising revenue to fund the Housing Authority. But the proposal has been greeted with caution by the government, as there is no consensus ... The wholesale privatisation of public housing would solve many problems dogging the government, unify the two markets and provide a timely boost for new homeowners, writes C. K. Lau ...

  7. MPF average returns 27.3pc since launch

    Posted Jan 08th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu An employee who has contributed to the Mandatory Provident Fund since its inception nine years ago would get back an average HK$274,903, or a return of 27.3 per cent. ... employees made the statutory HK$2,000 monthly contributions, totalling HK$216,000 since the scheme was launched in December 2000. The figures are based on investment return figures provided ...

  8. HK, watchdog monitor AIA as crisis hits parent

    Posted Sep 17th 2008, 12:00am by Enoch Yiu

    ... our obligations to our policyholders in Hong Kong and Macau.' A spokesman for the Mandatory Provident Fund Schemes Authority said it would also closely monitor developments at AIG. An AIA ... and is the fourth largest pension provider in the city, covering 600,000 employees. Some Hong Kong policyholders rushed to AIA's Causeway Bay office or called their agents yesterday, worried about ...

  9. Francis Leung's fund to take stake in Sun Hung Kai

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

    ... Financial 30 years ago. Today, he is poised to join the brokerage's listed parent, Sun Hung Kai & Co, as a non-executive director after his buyout fund CVC Capital Partners announced plans to take a 19 per cent stake in the company. The fund said it would invest up to HK$2.14 billion in Sun Hung Kai by way of subscriptions of mandatory convertible notes and allotment of warrants ...

  10. Flood of funds puts HKMA on the defensive

    Posted Oct 19th 2009, 12:00am by Staff Reporter

    ... The Hong Kong Monetary Authority (HKMA) this month pumped more than HK$47 billion into the banking system to meet demand for the local dollar. This comes on top of more than HK$338 billion in liquidity injected by the authority in the first nine months, as well as periodic issues of Exchange Fund notes aimed at mopping up some of the huge inflows into Hong Kong dollar deposits held ...




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