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  1. Lagging behind

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... Chris Davis Education and planning are two of the fundamental principles MPF contributors need to recognise in setting investment goals as an effective part of their retirement strategy. Surveys conducted by various groups, including MPF scheme providers, consistently reveal that Hong Kong's working population significantly lags behind other mature markets in terms ...

    http://www.scmp.com/article/719448/lagging-behind
  2. Urgent need for planning

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... benefits business at HSBC Insurance, says an important part of MPF planning is to develop a clear understanding of long-term goals matched with risk appetite. He says Hong Kong has a large number ... study, conducted across 1,000 MPF members by the University of Hong Kong's Public Opinion Programme, shows that many members underestimate the income they need for retirement. Forty-four per ...

    http://www.scmp.com/article/719446/urgent-need-planning
  3. FACT FOCUS

    Posted Dec 13th 2010, 12:00am by Staff Reporter

    ... If you are an employee or self-employed, aged between 18 and 65 and residing and working in Hong Kong you must join an MPF scheme. Use on-line facilities to check MPF status regularly. ... Trustees in English and Chinese newspapers publish the unit price information of MPF funds. If you are changing jobs you may transfer the accrued benefits to a contribution account under a new ...

    http://www.scmp.com/article/733237/fact-focus
  4. Investors must be more involved

    Posted Dec 13th 2010, 12:00am by Chris Davis

    ... Chris Davis By any standard, the HK$345 billion in contributions that has been paid into Mandatory Provident Fund is a lot of money. However, as the MPF celebrates its 10th anniversary, a large percentage of MPF contributors continue to treat their retirement investment with indifference. A recent survey conducted by FIL Investment Management (Hong Kong) revealed 55 per cent ...

    http://www.scmp.com/article/733238/investors-must-be-more-involved
  5. Employers tap HK$12b from MPF

    Posted Mar 04th 2010, 12:00am by Paggie Leung

    ... Paggie Leung Employers have taken out more than HK$12 billion from employees' MPF accounts to make severance and long service payments, legislators were told yesterday. The revelation ... use the accrued benefits derived from its MPF contributions to offset severance or long-service payments. 'This twists the policy objective of the MPF scheme, which aims to provide ...

    http://www.scmp.com/article/707535/employers-tap-hk12b-mpf
  6. The unbearable lightness of being a symbolic MPF Tree

    Posted May 30th 2010, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'Mr Tsang [chief executive Donald Tsang], together with other officiating guests kicked off an 'MPF Trail' in a symbolic ceremony. Fruitful 'MPF Trees' along the Trail then gradually lighted up one by one and extended all the way to the peak. This was to symbolise that the public could enjoy a comfortable retirement life by making MPF ...

    http://www.scmp.com/article/715641/unbearable-lightness-being-symbolic-mpf-tree
  7. Red tape can leave job-switchers with little cash in MPF accounts

    Posted Oct 25th 2010, 12:00am by Anita Lam

    ... in the system had cost many workers their life savings. Transferring an MPF account to a new fund trustee, for example, requires such complex procedures that many workers are deterred. 'I have heard of some workers who have up to 10 MPF accounts, and with each charging management fees the expenses are huge,' said Ip Wai-ming, a legislator for the union. Among the seven leading ...

    http://www.scmp.com/article/728463/red-tape-can-leave-job-switchers-little-cash-mpf-accounts
  8. Government should prepare now for MPF rule change

    Posted Apr 27th 2010, 12:00am by Enoch Yiu

    ... the bosses decides who manages the total HK$300 billion worth of MPF contributions. Anticipating the law change, MPF providers including HSBC and RCM have launched funds offering higher returns. Many ... is the responsibility of salespeople to explain to employees the cost and risks related to changing MPF providers? With MPF providers offering more high-return, higher-risk products do employees understand ...

    http://www.scmp.com/article/712683/government-should-prepare-now-mpf-rule-change
  9. Weighing diversity and risk exposure

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... according to Bank Consortium Trust Company's (BCT) internal data, 35 per cent of members invest their MPF money in one single fund and, among them, 36 per cent choose lower risk funds when, ... volatile fixed income investment tools. Lau Ka-shi, BCT's managing director and CEO, says the SaveEasy Fund scheme is an easy and secure way for MPF members to manage their retirement ...

    http://www.scmp.com/article/719447/weighing-diversity-and-risk-exposure
  10. Surprise, anger over another costly delay to MPF reforms

    Posted Oct 05th 2010, 12:00am by Enoch Yiu

    ... holders is a big disappointment. There was both surprise and anger over the delay that would have allowed workers to pick their MPF provider. That hopefully would have introduced more competitive ... the government figures out ways to provide more protection for consumers. Currently, MPF providers are chosen by employers. Undersecretary for Financial Services and the Treasury Julia Leung Fung-yee ...

    http://www.scmp.com/article/726600/surprise-anger-over-another-costly-delay-mpf-reforms

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