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  • October 24, 2014
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  1. Tax breaks and other incentives will drive up voluntary payments

    Posted Dec 15th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Nine years after the government introduced the Mandatory Provident Fund (MPF), the jury is still out on whether it has been successful in helping Hong Kong's workforce save ... since it was launched in December 2000. This is a good coverage rate. Recent investment returns have also been impressive. The MPF has been in positive territory for nine straight months up ...

  2. Stock rally propels MPF returns to a record

    Posted Jul 21st 2009, 12:00am by Enoch Yiu

    ... Natalie Chiu and Enoch Yiu The stock market rally has given a boost to the pension funds of Hong Kong's long-suffering workers, with Mandatory Provident Fund (MPF) investments having ... the MPF was introduced in 2000. For the second quarter, the 300 MPF funds recorded growth of 15.57 per cent, also the best performance since the MPF began. Despite the solid performance, pension ...

  3. MPF bureaucrats fiddle while money burns

    Posted Feb 27th 2009, 12:00am by Stephen Vines

    ... genius has come to the fore again with a plan to fiddle around with the names of funds in the failed Mandatory Provident Fund (MPF) scheme. As returns from investments in MPF funds shrink and a growing realisation emerges that the scheme's main beneficiaries are the banks and investment houses providing the funds, the MPF authority (under external pressure) has come ...

  4. What's On

    Posted Nov 21st 2009, 12:00am by Staff Reporter

    ... November 27 'Briefing on Portability and the MPF Investment Education Campaign' is a morning event organised by Hong Kong General Chamber of Commerce. The Portability Bill was passed by the Legislative Council in July. It will allow an employee's mandatory contributions under the MPF scheme to be transferred once a year as a lump sum to a scheme ...

  5. Authority urged to collect MPF contributions

    Posted Jan 14th 2009, 12:00am by Agnes Lam

    ... Agnes Lam A major workers' union has called on the Mandatory Provident Fund Schemes Authority to collect MPF contributions to ensure employers do not default on their share of the payment, as is happening now. Legislator Ip Wai-ming, who is also a senior secretary of the Federation of Trade Unions, said many employers had managed to avoid contributing to workers' MPF ...

  6. MPF investment caps may exclude managers from subscribing to issue

    Posted Mar 03rd 2009, 12:00am by Enoch Yiu

    ... if they are allowed to, some fund managers doubt that the bank will gain any long-term benefits from the capital-raising move. Under MPF legislation, the total amount invested in securities and other investments from a single issuer must not exceed 10 per cent of the total funds of an MPF constituent fund. 'MPF fund managers have to adhere to investment restrictions as prescribed by the law ...

  7. MPF advice strikes chord with public

    Posted Nov 07th 2009, 12:00am by Samuel Riding

    ... on three subjects - the best way to manage a Mandatory Provident Fund (MPF) account to maximise retirement funds, strategies for getting the best out of medical insurance, and how to plan ... presentation on managing MPF accounts clearly hit a nerve with the Hong Kong public, many of whom have seen their MPF nest eggs reduced significantly in the recent financial turmoil. In the winning ...

  8. MPF records second-best quarter since its inception

    Posted Oct 08th 2009, 12:00am by Enoch Yiu

    ... of stock markets around the world. Mark Konyn, the chief executive of RCM Asia Pacific, said this year would be one of the best for the MPF even though there were concerns about a pullback ... in equities globally has supported MPF investments in the third quarter despite the temporary pullback experienced in August, particularly in China.' He said the outlook would depend ...

  9. July stock rally boosts value of MPF assets

    Posted Aug 06th 2009, 12:00am by Nick Westra

    ... in financial markets. Mandatory Provident Fund (MPF) assets climbed 6.13 per cent on average last month and 23.39 per cent over the past six months, according to Lipper data. Equity funds led ... (Asia), an MPF investment firm. 'However, one cannot assume a straight-line improvement, as there are bound to be some bumps along the way.' Investors piled into the markets last month ...

  10. MPF shouldn't be an ATM for employees

    Posted May 19th 2009, 12:00am by Enoch Yiu

    ... and launched the MPF scheme the following year. His successor in April 2007, Henry Fan Hung-ling, made it his aim to cut providers' fees by introducing competition in the industry and letting ... employers and employees each to pay 5 per cent of salary to the MPF, which is then invested in funds run by banks, insurance companies or pension companies. The employee gets back the contributions ...




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