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  1. In Brief

    Posted Apr 05th 2007, 12:00am by Staff Reporter

    ... MPF funds recovered The Mandatory Provident Fund Schemes Authority has helped 22 workers recover about HK$250,000 in MPF payments by nine employers. The Small Claims Tribunal ordered the companies to pay between HK$1,173 and HK$73,306 into their workers' MPF accounts. ...

  2. Employees deserve more control over who manages MPF funds

    Posted Jun 25th 2007, 12:00am by Staff Reporter

    ... It was just a small step towards improving the Mandatory Provident Fund (MPF) scheme when Secretary for Financial Services and the Treasury Frederick Ma Si-hang, disclosed last week that the MPF Authority is considering an option to allow employees to choose MPF trustees regarding the accrued benefits derived from their own contributions. I hope the proposals will increase market ...

  3. Manulife follows rivals in slashing MPF fees

    Posted Sep 29th 2007, 12:00am by Staff Reporter

    ... for their most conservative investment options. More MPF providers, including HSBC, were expected to follow suit, market watchers said. Starting next week, the management fee for Manulife MPF Capital Preservation Fund (CPF) will be lowered by 0.5 percentage point to 1.75 per cent while the fee for its Manulife MPF Interest Fund would be reduced 0.25 percentage point to 2 per cent. The company ...

  4. What's On

    Posted Nov 10th 2007, 12:00am by Staff Reporter

    ... November 13 'An Overview of the MPF system' is a workshop organised by the Hong Kong Securities Institute. The course will be of most interest to MPF (mandatory provident fund) intermediaries because it will give an overview of the MPF system, raising awareness of MPF schemes, funds and codes, and giving the latest statistics and knowledge of ways to meet the requirements ...

  5. Service providers are coming under greater scrutiny

    Posted Dec 13th 2007, 12:00am by Amanda Lee

    ... a global consulting firm, also conducts regular surveys on MPF providers. According to Philip Tso, an investment consultant at Watson Wyatt, assets invested in MPF funds had grown significantly over the past four years due to the bullish equities markets. 'The contributions to MPF schemes remain high- about HK$28billion to HK$29billion a year are invested in MPF products,' ...

  6. Fidelity cuts fees for MPF products

    Posted Oct 10th 2007, 12:00am by Staff Reporter

    ... in response to criticisms of overcharging. Fidelity Investments Management has cut fees on all MPF products, joining market leaders that have been attacked over the high costs for overseeing easy to manage capital preservation funds. While Fidelity only has 4 per cent of the market and is the seventh-largest MPF provider, it is now offering some of the most competitive fees- a move ...

  7. More MPF providers weigh cuts in fees

    Posted Sep 08th 2007, 12:00am by Enoch Yiu

    ... or when the cut would take effect. Hang Seng Bank will do whatever its parent does. Spokesmen for both banks confirmed they were in the process of reviewing the fee structure of MPF plans but gave no details. HSBC and Hang Seng Bank have more than 30 per cent of the MPF market, making them the biggest provider. They charge annual fees of 1.95 per cent, much more than the revised fees ...

  8. HSBC, Hang Seng join peers in cutting MPF fees

    Posted Oct 03rd 2007, 12:00am by Staff Reporter

    ... including some equity-related products. Market watchers expect other MPF providers to feel the pressure to lower fees if they want to maintain their competitiveness. HSBC and Hang Seng have used a flat fee rate of 1.95 per cent for all their funds under the MPF scheme. The lower fees will start next month for four funds. The fee for CPF for both institutions will be lowered to 1.25 per ...

  9. MPF equity fund investors suffer 6.3pc decline

    Posted Dec 14th 2007, 12:00am by Staff Reporter

    ... 'November was quite a bad month for MPF investors, especially those holding equity funds, said Eric Wong, Hong Kong head of research at Lipper, the fund research firm. Data from Lipper showed none ... no sign of abating,' a report from the firm said. The best performing equity fund last month was Prosperity MPF MTS-Prosperity Templeton Glbl Eq which lost only 1.44 per cent. Bond funds ...

  10. MPF benefits underestimated, survey finds

    Posted Oct 24th 2007, 12:00am by Fox Yi Hu

    ... Fox Yi Hu Hongkongers 'seriously' underestimate the benefits of the Mandatory Provident Fund, according to a survey commissioned by a top MPF provider. The 500 respondents, on average, estimated just 7 per cent of the wealth the scheme could bring in for an individual over four decades, the Bank Consortium Trust Company's survey shows. Holders of MPF accounts aged ...




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