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  1. Employees require investment incentives

    Posted Mar 30th 2011, 12:00am by Chris Davis

    ... Chris Davis Viewed by the government as an important cornerstone of Hong Kong's retirement planning processes, the Mandatory Provident Fund (MPF), which has about HK$350 billion under management, is still regarded with indifference by many employees who make their monthly contributions. Last year's Towers Watson MPF Survey revealed that while most employees believe present ...

  2. Investment fund seen as taxation

    Posted Oct 27th 2011, 12:00am

    ... Chris Davis In spite of being labelled a cornerstone of retirement savings in Hong Kong, voluntary contributions to the Mandatory Provident Fund (MPF) remain relatively low. Unlike Singapore and Australia, where the equivalent of the MPF has become part of the overall savings landscape among employees and employers, many employees in Hong Kong consider the MPF another form ...

  3. HSBC to slash MPF management fees by 40pc

    Posted Feb 10th 2011, 12:00am by May Chan

    ... May Chan HSBC will introduce a 40 per cent cut in management fees for three funds under its existing MPF schemes starting from March this year. The three constituent funds include SimpleChoice, SuperTrust, and SuperTrust Plus. The new management fees for MPF Conservative Fund, Global Bond Fund and Hang Seng Index Tracking Fund under the above schemes will be lowered from 1.25-1.5 ...

  4. BOCI-Prudential offers fee cut on MPF accounts

    Posted Jun 21st 2011, 12:00am

    ... The company will offer a 0.1 per cent fee reduction for all existing and new MPF customers whose pension account assets for the 12 months to April 30 next year reach HK$250,000 or more, chief ... launched 12 new low-fee MPF investment funds last July at prices of between 0.7 and 0.99 per cent of total assets, well below the market average of 1.92 per cent. Chan said at the time he hoped ...

  5. Membership disappointed over delays to scheme

    Posted Jan 18th 2011, 12:00am by Staff Reporter

    ... conducted by Convoy Financial Services, shows that more than 80 per cent of respondents support the launch of the MPF Scheme's Employee Choice Arrangement at the earliest possible opportunity and want to exercise their rights upon that launch. The survey also reveals that half of those interviewed are not clear about the details of the MPF preserved account in their name, and half ...

  6. Not-so-super superfund

    Posted Jul 11th 2011, 12:00am

    ... Jasper Moiseiwitsch Glenn Rogers, a managing director at a mid-sized publishing firm, is angry about the Mandatory Provident Fund (MPF). For a start, he says he cannot even get basic ... not get an answer.' His voice rising, he adds: 'If you asked me how much money I have in my MPF, what I expect it to be, who is managing my money, I would not be able to tell you... ...

  7. MPF choice put back to July 2012

    Posted Mar 29th 2011, 12:00am by Enoch Yiu

    ... employees to choose which MPF provider manages their share of pension contributions. Employees contribute 5 per cent of their salary, capped at HK$1,000 a month, to a retirement account. This is matched by the employer who also chooses the MPF provider. Allowing employees to choose their own provider is aimed at putting performance and fee pressure on MPF providers. Hong Kong MPF managers ...

  8. Keeping people informed is crucial

    Posted Mar 30th 2011, 12:00am by Chris Davis

    ... Chris Davis Lively debate that keeps Mandatory Provident Fund (MPF) issues in the public domain are constructive, but the benefits of the long-term financial planning scheme need to be highlighted, according to prominent retirement fund manager RCM. 'One of the reasons MPF was introduced was to address the lack of awareness about the need for long-term retirement planning,' ...

  9. Paying the price for MPF plan's lack of credibility

    Posted Mar 02nd 2011, 12:00am by Albert Chen, Albert Cheng

    ... of criticism instead of praise. A one-off injection of HK$6,000 into each MPF account, costing the government HK$24 billion, turned out to be the most criticised measure. Financial Secretary John Tsang Chun-wah must have least expected that. The government introduced a similar measure in a previous budget when it injected HK$6,000 into the MPF accounts of people earning less than HK$10,000 per ...

  10. Funds provide healthy returns

    Posted Oct 27th 2011, 12:00am

    ... Bo Leung During the 10 years since the launch of the Mandatory Provident Fund (MPF), there have been a few major incidents of market turbulence. These included the dotcom bubble from 1995 until 2000, severe acute respiratory syndrome in 2003 and the global financial crisis in 2008. Although the markets have gone through many highs and lows, the MPF has been relatively steady ...




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