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  1. MPF discipline helps investors rise above short-term volatility

    Posted Sep 16th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong The main achievement of the Mandatory Provident Fund (MPF) programme has been to impose investment discipline on policyholders, allowing them to benefit from the long-term growth of the market, according to Mark Konyn, chief executive at Allianz Dresdner Asset Management, one of Hong Kong's 20 MPF providers. 'Most investors tend to be attracted ...

  2. Milestones of the MPF scheme

    Posted Dec 15th 2004, 12:00am by Lotte Pang

    ... Lotte Pang 1995 Study into Mandatory Provident Fund (MPF) conducted by a government-appointed consulting firm and release of a consultancy report in April. The Mandatory Provident Fund Scheme Ordinance is enacted in August. 1998 The Mandatory Provident Fund Authority (MPFA) is established in September to regulate and monitor the operation of the MPF scheme. 1999 Subsidiary ...

  3. Education helps to maximise benefits

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... Reports by Chris Davis MPF and investment fund education will increasingly play a key role in the contributor support services provided by AIA-JF Mandatory Provident Fund Services- an alliance between AIA, Southeast Asia's largest life insurance company, and JF Asset Management, one of Hong Kong's premier investment houses. The AIA-JF Premium MPF Scheme is one of Hong ...

  4. Focus on savings a positive outcome

    Posted Dec 15th 2004, 12:00am by Lotte Pang

    ... a high compliance rate, with 96 per cent to 97 per cent of people eligible for the retirement scheme making regular contributions. 'The MPF, as it was originally envisaged, has done pretty well. There is a high compliance rate, the assets are growing quite well, and the choice of funds is widening,' Stirling Finance chairman Stuart Leckie said. The MPF has performed well, ...

  5. Guoco sale heralds MPF trend

    Posted Feb 10th 2004, 12:00am by Enoch Yiu

    ... (MPF) providers will be left after consolidation reshapes the industry, down from 20 today. The top five players are believed to control 83 per cent of the market, leaving little room ... pension provider in Hong Kong. It also gives the US firm Dao Heng's 70,000 MPF account holders, bringing its total to 150,000 workers with US$140 million in retirement assets. Rex Auyeung ...

  6. Public's investment in future a positive sign

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... people gave any thought to financial security upon reaching retirement. But all this changed when the government rolled out the Mandatory Provident Fund (MPF) in December 2000. Following the launch of the scheme, Hong Kong retirement plans and the funds management industry have been irrevocably altered. The MPF is widely credited as a key driver in shaping the public's growing ...

  7. MPF providers in the clear on Dutch certs

    Posted Sep 06th 2004, 12:00am by Enoch Yiu

    ... battle with the funds industry. The Mandatory Provident Fund Schemes Authority has advised 20 MPF trustees of its decision on the Dutch depositary receipts, commonly known as Dutch certs. ... has approved the amendments to the investment guideline, which will include Dutch certs as a permissible investment, along with other similar receipts or certificates.' MPF providers have ...

  8. Workers save extra for financial security

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... to having the compulsory minimum Mandatory Provident Fund (MPF) contribution deducted from their salaries are choosing to make voluntary contributions to their retirement pension fund. 'We are seeing a gradual increase in the understanding of what MPF is about, and the need to plan for financial contentment upon reaching retirement,' said Luzia Rosa Hung, HSBC general manager ...

  9. Trustees screened in steps to ensure broad protection

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... Reports by Chris Davis To ensure members' contributions to the Mandatory Provident Fund (MPF) are adequately protected, the Mandatory Provident Fund Authority (MPFA) operates ... propriety as internal control standards can become approved MPF trustees. A breach-reporting system is also required under the law, urging timely reporting by the service providers of any material ...

  10. MPF Schemes' Authority pursues two claims for employees

    Posted Dec 28th 2004, 12:00am by Staff Reporter

    ... employees, who were owed MPF contributions by their employers. At Tuesday's hearing, Richfield Construction Engineering and Samlane Development did not dispute the amounts claimed, a spokesman ... would be reimbursed to the employees' MPF accounts as soon as it is received by the MPFA, the spokesman added. The court further awarded payments of $140 and $110 as costs in respect ...




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