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  1. News - Hong Kong - PENSIONS

    Little interest in MPF portability scheme, according to CTU survey

    Posted Oct 31st 2012, 12:00am by Phila Siu

    ... MPF plan Many Hongkongers do not know about and are not interested in a new scheme to move their Mandatory Provident Fund contributions to a service provider of their choice, a survey found. A study conducted this month by the Confederation of Trade Unions found that of 454 workers polled, 21 per cent had never heard of the new MPF semi-portability plan. Seventy-nine per cent had ...

    http://www.scmp.com/news/hong-kong/article/1073386/little-interest-mpf-portability-scheme-according-ctu-survey
  2. News - Hong Kong

    Cap on MPF fees not ruled out, says financial services minister

    Posted Oct 25th 2012, 12:00am by Phila Siu, Stuart Lau

    ... Phila Siu and Stuart Lau Financial services secretary will look at all options to bring down costs for savers Minister won't rule out cap on MPF fees Capping the management fees ... monitoring of unscrupulous sales practices when savers get a choice of MPF providers next month. He said the licences of MPF intermediaries- companies and their staff drum up business for MPF ...

    http://www.scmp.com/news/hong-kong/article/1068856/cap-mpf-fees-not-ruled-out-says-financial-services-minister
  3. News - Hong Kong - INVESTMENT

    MPF providers hit back over proposal to cap fees

    Posted Oct 20th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Regulator's proposal to reduce costs for savers is criticised by retirement scheme providers, who say it could also limit investment choices MPF firms say ... concern providers were charging too much. A Consumer Council report said the average MPF fee of 1.74 per cent was higher than other markets with similar schemes, which generally charged only ...

    http://www.scmp.com/news/hong-kong/article/1065391/mpf-providers-hit-back-over-proposal-cap-fees
  4. Business - Money - POINT OF LAW

    Employee choice changes the face of Hong Kong's MPF

    Posted Nov 07th 2012, 12:00am by CYNTHIA CHUNG

    ... Cynthia Chung Cynthia Chung, a partner at Deacons, discusses implications of changes to the pension scheme Employee choice changes the face of Hong Kong's MPF The long-awaited employee-choice arrangement (ECA) for Hong Kong's mandatory provident funds took effect on November 1, 2012. What happened to MPF contributions before the ECA? Since the implementation of the MPF ...

    http://www.scmp.com/business/money/markets-investing/article/1076408/employee-choice-changes-face-hong-kongs-mpf
  5. News - Hong Kong

    MPF regulator moves to slash pension fees

    Posted Nov 26th 2012, 07:45pm by Lai Ying-kit

    ... Lai Ying-kit Operators of MPF pension schemes could be asked to slash administrative fees for all their funds, under reforms proposed by the pension regulator on Monday. The Mandatory ... and employees – working Hongkongers who make MPF contributions – should consolidate their different accounts with one operator. It suggested setting a ceiling for administration costs charged for fund ...

    http://www.scmp.com/news/hong-kong/article/1091398/mpf-regulator-moves-slash-pension-scheme-fees
  6. Business - Money - MPF REFORM

    How to get the best MPF funds

    Posted Nov 12th 2012, 12:00am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Returns on MPF funds vary widely and finding a good provider can be a minefield, says Jasper Moiseiwitsch The best paid plans Thinking about changing your MPF plan? The recently implemented portability scheme gives you some freedom to move. And, as you search through fund data, you will notice there is much to choose from. ...

    http://www.scmp.com/business/money/markets-investing/article/1078715/how-change-your-mpf-provider
  7. News - Hong Kong - MPF

    Reduce service fees on MPF products, watchdog urges

    Posted Oct 17th 2012, 01:33pm by Stuart Lau

    ... the increased use of electronic services, which has effectively lowered administrative costs, it is time service providers consider lowering the costs they charge for MPF products,” said Consumer ... their high charges and poor returns on investments. The report said the management fees of some MPF are 26 times higher than others. Lau said one idea to consider is linking administrative charges ...

    http://www.scmp.com/news/hong-kong/article/1063163/reduce-service-fees-mpf-products-watchdog-urges
  8. News - Hong Kong - FINANCE

    Hong Kong's pension fund authority considers capping fees amid criticism

    Posted Oct 19th 2012, 12:00am by Enoch Yiu

    ... of MPF fees considered Hong Kong's pension regulator is considering capping the fees of Mandatory Provident Fund providers amid concerns they are charging too much. Diana Chan Tong Chee-ching, managing director of the Mandatory Provident Fund Schemes Authority, said yesterday the authority had appointed accounting firm Ernst & Young to carry out a study on ways to reduce MPF ...

    http://www.scmp.com/news/hong-kong/article/1064419/capping-mpf-fees-considered
  9. News - Hong Kong - INVESTMENT

    MPF fund fees vary wildly, savers warned

    Posted Oct 16th 2012, 12:00am by Thomas Chan, Dennis Chong

    ... Thomas Chan and Dennis Chong Similar funds charge differently, with even a 1 percentage point variation costing people dear MPF fund fees vary wildly, savers warned The management fees of some Mandatory Provident Funds are 26 times higher than others, a watchdog's survey shows. The Consumer Council found huge variations in management fees, with the MPF fund expense ratio ...

    http://www.scmp.com/news/hong-kong/article/1061945/mpf-fund-fees-vary-wildly-savers-warned
  10. News - Hong Kong - RETIREMENT

    Rules in place to ensure clean switch of MPF funds

    Posted Oct 10th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Pension fund watchdog says everything is in place to prevent unfair practices if workers decide to shift their funds to new providers Rules to ensure clean mpf ... The 32,000 salespeople employed by MPF providers would be encouraging people to shift to their schemes, said Alice Law Shing-mui, executive director of the Mandatory Provident Fund Schemes Authority ...

    http://www.scmp.com/news/hong-kong/article/1057319/rules-place-ensure-clean-switch-mpf-funds

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