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Results 1 - 10 of 11 for mpf

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  1. Business - Comment - WHITE COLLAR

    MPF core fund should have only one operator

    Posted Oct 06th 2014, 09:38am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com This will give the new investment option the scale to enable the cap on fees to be cut further MPF core fund should have onlya single operator ... to be reduced even further from the proposed 0.75 per cent. After all, the push for a low-fee core fund stems from long-standing complaints over the high fees and poor performance at MPF schemes. ...

    http://www.scmp.com/business/article/1610513/mpf-core-fund-should-have-only-one-operator
  2. Business - Comment - WHITE COLLAR

    MPF employees should wake up and choose their funds

    Posted Jul 01st 2014, 04:05am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Around 600,000 in Hong Kong have yet to make a decision on where to invest their MPF money Employees should wake up and choose their funds Hong Kong's pension regulator has finally come out with its proposal for a cap on management fees on core funds to serve employees who have not chosen what do with their MPF contributions. While some ...

    http://www.scmp.com/business/article/1543899/mpf-employees-should-wake-and-choose-their-funds
  3. Business - Comment - WHITE COLLAR

    Low-fee funds not high on pensions list

    Posted Jun 11th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com It would be better if MPF authority caps charges as employees prefer chasing better performers Low-fee funds not high on pensions list Everyone likes a bargain. And if we extend this truism to the thorny issue of fees for our retirement schemes, then perhaps we should be thankful that our pension regulator is trying to bring in rules to lower MPF ...

    http://www.scmp.com/business/article/1258066/low-fee-funds-not-high-pensions-list
  4. Business - Companies - WHITE COLLAR

    Scrap the MPF offset, which favours bosses unfairly

    Posted Mar 10th 2014, 02:13pm by Enoch Yiu

    ... Enoch Yiu Offset mechanism, which favours bosses over their staff, is a source of criticism of the scheme For sake of workers, scrap MPF offset On March 18, Hong Kong's lawmakers ... The offset mechanism is a prime example of how the MPF was set up to favour bosses over their staff. This is why so many of the 2.4 million Hong Kong employees covered by the MPF have little love ...

    http://www.scmp.com/business/companies/article/1445213/scrap-mpf-offset-which-favours-bosses-unfairly
  5. Business - Money - WHITE COLLAR

    Big players unlikely to heed welcome move by smallest MPF provider

    Posted Feb 17th 2014, 11:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Market leaders unlikely to follow Haitong's move to reduce management fees on their products Small MPF players fight tough battle to stay in the game ... in capturing a piece of the HK$514 billion market. With an average fee of 1.71 per cent, the MPF generates fee revenues for fund houses of HK$8.79 billion a year. Ben Zhang Yibin, the managing director ...

    http://www.scmp.com/business/money/investment-products/article/1429490/big-players-unlikely-heed-welcome-move-smallest
  6. Business - Comment - WHITE COLLAR

    Time to stop bosses dipping their fingers into the MPF

    Posted Jan 29th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Unfair rules still allow companies to make redundancy payments from MPF contributions Time to stop bosses dipping fingers into MPF The government has finally ... the MPF, for the simple reason that the scheme from the beginning was designed in a way that gave the bosses more say than the workers. The MPF requires the employer and the employee to each ...

    http://www.scmp.com/business/article/1138260/time-stop-bosses-dipping-their-fingers-mpf
  7. Business - Comment - WHITE COLLAR

    MPF reforms bring lower fees but more changes still needed

    Posted Nov 12th 2013, 02:46am by Enoch Yiu

    ... Enoch Yiu Government should keep increasing competition and force further cuts in management charges MPF reforms bring lower fees but more changes still needed The Mandatory Provident Fund ... allowed to choose the MPF providers for their own contribution instead of the boss deciding. The reform was aimed to increase competition and force fees down. One year later, statistics shows ...

    http://www.scmp.com/business/article/1353653/mpf-reforms-bring-lower-fees-more-changes-still-needed
  8. Business - Banking & Finance - WHITE COLLAR

    Fatca dealt with, but clones of tax evasion law may emerge

    Posted May 12th 2014, 10:28am by Enoch Yiu

    ... Enoch Yiu Mainland version of US tax law would have broader implications for compliance efforts City's MPF escapes Fatca, but similar tax nets looming Fund houses and insurers in Hong ... with Fatca would face a 30 per cent withholding tax on their US-sourced income. So even Hong Kong's MPF, which manages retirement funds for 2.4 million employees in the city, of whom ...

    http://www.scmp.com/business/banking-finance/article/1510412/fatca-dealt-clones-tax-evasion-law-may-emerge
  9. Business - Comment - WHITE COLLAR

    Hong Kong workers to get control of their MPF cash

    Posted Oct 16th 2012, 12:00am by Enoch Yiu

    ... unhappy with returns on their Mandatory Provident Fund have the opportunity from next month to choose their provider. But the system is still far from perfect. The MPF is aimed at providing ... the fund requires employers and employees to each pay 5 per cent of the worker's salary- up to HK$2,500 a month- to an MPF provider such as a bank or fund company. The system previously ...

    http://www.scmp.com/business/article/1062049/hong-kong-workers-get-control-their-mpf-cash
  10. Business - Comment - WHITE COLLAR

    Put a thinking cap on to keep a lid on pension fund fees

    Posted Feb 19th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Letting employees have a say in their MPF provider hasn't worked to bring down charges Put a thinking cap on to keep a lid on pension fund fees When employees were allowed in November last year to begin choosing their own MPF pension providers, many believed it would lead to lower management fees. But, instead, the charges rose last month. ...

    http://www.scmp.com/business/article/1153426/put-thinking-cap-keep-lid-pension-fund-fees

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