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  • October 2, 2014
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  1. News - Hong Kong - INVESTMENTS

    Nearly half of MPF investments lose money in last five years, study shows

    Posted Oct 16th 2012, 12:00am by THOMAS CHAN AND DENNIS CHONG

    ... go into red and lose up to 14 pc Nearly half of the Mandatory Provident Fund investments ended up in the red in the past five years and employees- far from building up a retirement nest egg- could lose up to 14 per cent of the money they contributed in that period. The losses emerged in a study by the Consumer Council of 523 funds in 39 schemes from 15 MPF providers from July ...

  2. Business - Banking & Finance

    Lawmakers want government to run MPF low-cost core funds

    Posted Jul 08th 2014, 01:54am by Enoch Yiu

    ... for the government to run some of the MPF funds." The lawmakers are debating the Mandatory Provident Fund Schemes Authority proposal issued last month for all MPF providers from 2016 to introduce ... to the industry. "People are angry with the MPF (Mandatory Provident Fund) because the schemes only bring huge profits to the financial industry instead of giving a decent retirement protection ...

  3. Move over MPF and let citizens save themselves

    Posted Jun 05th 2012, 12:00am

    ... Jake van der Kamp Is there hope for the MPF? SCMP headline, June 4 No, there isn't. Why beat around the bush? The Mandatory Provident Fund drains its beneficiaries of money they could ... of this column. I shall therefore restrict myself to a recent suggestion that our model should be the Central Provident Fund of Singapore because it is run by the government rather than by greedy bankers. ...

  4. Comment - Insight & Opinion

    Above all, we must build a sustainable pension scheme for Hong Kong

    Posted Sep 29th 2014, 05:12pm by SHIRLEY YUEN

    ... can focus its efforts on those who truly need help. That means we cannot touch the Mandatory Provident Fund. The MPF is the broadest structure in place today for dealing with our ageing ... to early retirement options. Bear in mind that this is in a society where 21 out of the then-27 member states already require means testing. In Singapore, Central Provident Fund contributions range ...

  5. Letters

    Posted Oct 31st 2008, 12:00am by Staff Reporter

    ... Provident Fund (MPF) assets held by MPF trustees. As chairman of the leading retirement protection association in Hong Kong, I would like to outline some key safeguards in place to protect these assets. MPF trustees and their schemes are governed by a comprehensive protection system by the MPF Schemes Authority (MPFA), including stringent approval and registration criteria, on-going ...

  6. News - Hong Kong

    MPF regulator moves to slash pension fees

    Posted Nov 26th 2012, 07:45pm by Lai Ying-kit

    ... Lai Ying-kit Operators of MPF pension schemes could be asked to slash administrative fees for all their funds, under reforms proposed by the pension regulator on Monday. The Mandatory Provident Fund Authority’s suggestions for long-term structural reforms, released along with a consultancy report, noted that among 40 fund schemes, only 16 offer relatively low administration fees. ...

  7. Comment - Insight & Opinion

    Fixing the MPF

    Posted Jan 24th 2013, 12:00am by Chua Hoi-Wai

    ... required to ensure workers get a better deal? Cap and save Hong Kong workers have long complained that they are paying unnecessarily high fees and charges on their Mandatory Provident Fund savings. The Mandatory Provident Fund Schemes Authority has conducted a cost study and given the government ideas about how to cut these overheads. Among the proposals are capping fees, the provision of low-fee ...

  8. Former Sing Pao staff may sue MPF Authority

    Posted Mar 28th 2008, 12:00am by Agnes Lam

    ... Agnes Lam Former staff of Sing Pao Daily News are considering launching a legal battle against the Mandatory Provident Fund Authority for failing to ensure their employer made ... to recover the money. Earlier this month, the Mandatory Provident Fund Authority ordered the newspaper to settle outstanding contributions within three weeks or face a bankruptcy petition. ...

  9. Business - Money - INVESTMENT

    MPF funds make money across the board in May

    Posted Jun 07th 2014, 01:13am by Jeanny Yu

    ... lawmakers and even the government to criticise the scheme. The Mandatory Provident Fund Schemes Authority plans to consult the market soon over a plan to require providers to introduce a core fund ... Jeanny Yu and Ray Chan MPF funds make money across the board in May The Mandatory Provident Fund (MPF) reported good results last month, with all fund of funds reporting positive returns ...

  10. Switching MPF providers too slow for most

    Posted Aug 08th 2012, 12:00am

    ... to a service provider of their choice once a year. The Mandatory Provident Fund Schemes Authority was looking at ways to shorten the processing time, a spokesman said. Gain Miles commissioned ... A spokesman for the Mandatory Provident Fund Schemes Authority said it set up a webpage to explain the scheme and would start a publicity campaign in the next few weeks to educate the public. She said ...




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