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  • September 20, 2014
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  1. Business - Money

    AXA in talks to sell Hong Kong Mandatory Provident Fund unit

    Posted Sep 12th 2014, 06:19am by Bloomberg

    ... options cover more than 80 per cent of the city's employed population, according to a June report from the Mandatory Provident Fund Schemes Authority. ... it was the largest foreign property and casualty insurer in Asia outside of Japan and Australia. Manulife, the second-largest manager of MPF funds in Hong Kong, and Sun Life gained share at the expense ...

  2. Business - Economy - FUNDS

    MPF disappoints with 0.63pc return

    Posted Sep 02nd 2014, 04:52pm by Enoch Yiu

    ... to urge the government to reform the pension system. The Mandatory Provident Fund Schemes Authority is seeking views until the end of this month on a proposal to require all MPF schemes ... scheme. The monthly return for the 447 investment funds under the MPF last month was far below the 3.11 per cent gain recorded during the past three months and the 3.98 per cent average gain ...

  3. Business - Banking & Finance - PENSIONS

    Pension fund scheme heads for shake-up

    Posted Mar 17th 2014, 02:27am by Jasper Moiseiwitsch

    ... a major report on the pension scheme in 2012. "It achieves a political agenda in terms of a low-cost provision [of MPF services]," said Pogson. It's a tactical move... to embarrass the industry into lowering their fees Glenn Turner, Altruist Financial In November last year, the Mandatory Provident Funds Schemes Authority said it wanted to increase regulation of default funds. ...

  4. Comment - Insight & Opinion - LEADER

    MPF revamp vital to restore confidence of workers

    Posted Jun 30th 2014, 03:03am by SCMP Editorial

    ... The core fund championed by the MPF Schemes Authority is therefore a welcome step. Under the proposal, a low-fee fund will be introduced as the standardised default fund of all schemes ... confidence. The push by the authority to set up a core fund only answers to the long-running perception that the MPF was set up for the industry's benefit rather than contributors' ...

  5. News - Hong Kong

    Proposed changes to MPF ordinance set to benefit more retirees

    Posted Apr 26th 2014, 05:37am by Emily Tsang

    ... Provident Fund (MPF) scheme may soon be able to withdraw their money in instalments up to four times a year, the MPF Schemes Authority said yesterday, instead of having to take the full amount ... be at least HK$5,000. People who suffer from terminal illness will also be allowed to withdraw their money. These were among amendments to the MPF Schemes Ordinance that the authority proposed after ...

  6. Business - Money - PENSIONS

    MPFA proposes fee cap on pension funds

    Posted Jun 25th 2014, 02:37am by Enoch Yiu

    ... an average of 1.69 per cent. There are 600,000 employees with a pension pool of HK$60 billion who do not select the funds in their MPF pension scheme. "The initiative is aimed at addressing two major concerns of scheme members, namely high fees and not knowing how to select funds," said Anna Wu Hung-yuk, the chairwoman of the Mandatory Provident Fund Schemes Authority, as she ...

  7. Business - Money

    Hong Kong pension regulator unveils cost-cutting plan following criticism

    Posted Jul 10th 2014, 04:55am by Enoch Yiu

    ... criticised the high cost of its operations. Secretary for Financial Services and the Treasury Chan Ka-keung unveiled the cost-cutting plan of the Mandatory Provident Fund Schemes Authority (MPFA) ... expensive office space in places like the International Commerce Centre. Meanwhile, MPF provider Principal Trust Company (Asia) yesterday reduced the fees of its Hong Kong equity fund to 1.35 per ...

  8. Business - Comment - WHITE COLLAR

    MPF employees should wake up and choose their funds

    Posted Jul 01st 2014, 04:05am by Enoch Yiu

    ... commentators want the Mandatory Provident Fund Schemes Authority to go further, capping the fees of other investment funds, White Collar thinks the next step should be a study into why so many ... Enoch Yiu enoch.yiu@scmp.com Around 600,000 in Hong Kong have yet to make a decision on where to invest their MPF money Employees should wake up and choose their funds Hong Kong's ...

  9. News - Hong Kong - PENSIONS

    Little interest in MPF portability scheme, according to CTU survey

    Posted Oct 31st 2012, 12:00am by Phila Siu

    ... Authority for not doing enough to promote the new scheme. The CTU survey also revealed that workers knew little about even existing MPF arrangements. Only 10 per cent of those polled said they knew ... MPF plan Many Hongkongers do not know about and are not interested in a new scheme to move their Mandatory Provident Fund contributions to a service provider of their choice, a survey found. ...

  10. Business - Money - MARKETS

    MPF reports average loss as analysts forecast more of the same

    Posted Apr 04th 2014, 01:14am by Enoch Yiu

    ... lawmakers and even the government to criticise the scheme. The current management fee of the MPF stands at about 1.7 per cent, which is much higher than many overseas markets such as the US or Australia where there are funds charging as low as 0.5 per cent. The Mandatory Provident Fund Schemes Authority plans to consult the market in the following months over a plan to require providers ...




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