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  • November 26, 2014
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  1. Making up for lost ground

    Posted Sep 26th 2008, 12:00am by Eileen Lian

    ... Hong Kong lags in its retirement scheme, but these qualified professionals are helping workers reach their goals. Eileen Lian reports The role of the Mandatory Provident Fund (MPF ... of MPF intermediaries to help them achieve this. 'MPF intermediaries are like the bridge between the MPF Authority and the workforce,' explained Michael Chan, vice-president, ...

  2. We should not give more to under-performing MPF scheme

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

    ... should exercise fiscal responsibility. I also agree with his observation that the likely return from the Mandatory Provident Fund (MPF) scheme will not adequately provide for people's retirement. However, I do not agree that we should put more of our hard-earned money into the MPF scheme for a number of reasons. The MPF was never intended to be the sole source of income for our ...

  3. New HSBC scheme cuts preserved fund management fees to 1pc

    Posted Jan 11th 2008, 12:00am by Enoch Yiu

    ... Natalie Chiu and Enoch Yiu HSBC Insurance yesterday announced a new MPF scheme with management fees reduced to as low as 1 per cent, the lowest among all the MPF products in Hong Kong. The move by the largest MPF provider signals the latest round of fee cuts- following the first reductions last year- under intense lobbying from the authority. It is also the first reduction ...

  4. MPF body seeks data for bonus

    Posted Jul 24th 2008, 12:00am by Agnes Lam

    ... The MPF Authority is collecting data from trustees and employers to locate employees, casual workers, the self-employed and those who have become jobless recently who might be eligible to receive ... recipients should have an MPF account or pension account as at February 29 this year. Self-employed people should report their incomes to the trustees on or before August 29. Their eligibility ...

  5. quiztime

    Posted Jan 21st 2008, 12:00am by Staff Reporter

    ... Pick the right answer 1 MPF stands for: a) Mandatory Pension Fund b) Mandatory Provident Fund c) Minimum Pension Fund 2 The MPF is only for people working full time a) true b) false 3 You can contribute more to the MPF by making voluntary contributions a) true b) false 4 The employer chooses the funds in which you invest your MPF contributions a) true b) false Investment ...

  6. MPF records 7.24pc loss in first quarter

    Posted Apr 12th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu The Mandatory Provident Fund (MPF), covering more than 2.4 million employees, recorded an average loss of 7.24 per cent in the first quarter, the worst quarter since the compulsory pension scheme was launched eight years ago, according to a Lipper Hong Kong MPF Market Insight Report. The 312 MPF investment funds, with assets of about HK$260 billion, lost an average ...

  7. Losses on MPF funds wipe out last year's gains

    Posted Nov 21st 2008, 12:00am by Dennis Eng

    ... MPF fund invested in Hong Kong equities fell at least 30 per cent, and some close to 40 per cent, Lipper's data shows. Slumping equity markets and the global financial turmoil had hit ... a minimum of 5 per cent of their monthly earnings into their MPF account to provide for their retirement. In that time, the average annual rate of return on MPF funds has been 2.6 per cent. ...

  8. One in five workers say their MPF savings have dropped by 40pc

    Posted Nov 19th 2008, 12:00am by Staff Reporter

    ... Eva Wu One in five workers could have suffered losses of more than 40 per cent of their MPF savings as a result of the deteriorating economy and plunging stock market, a survey has ... That was little comfort to Mr Chan, 60, a part-time restaurant worker, who has seen his MPF balance plunge from HK$78,000 last year to roughly HK$50,000, wiping out about 30 per cent of his retirement ...

  9. Pensioners with no MPF funds must be given financial help

    Posted Nov 18th 2008, 12:00am by Staff Reporter

    ... Provident Fund (MPF) pensions. When younger people eventually retire they can expect to receive a decent MPF-generated pension. By the time they retire, they will have accumulated a lifetime's MPF contributions. They will have no need of, and should not receive, fruit money. Then there are those people who are still working, but who are close to retirement. Because the MPF scheme ...

  10. Missed opportunities

    Posted Jul 29th 2008, 12:00am by Andrea Li

    ... the launch of the Mandatory Provident Fund (MPF) in 2000 has heightened the importance of saving. 'The benefits derived from the MPF scheme are more of a social one,' said Michael Ho Ka-kit, ING Financial Planning senior vice-president. 'With the MPF regime in place for over seven years, I do see people becoming more aware of the need to plan for their retirement ...




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