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  • August 21, 2014
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  1. News - Hong Kong - RETIREMENT

    MPF no substitute for pensions, says consultant Nelson Chow

    Posted Feb 24th 2014, 04:45am by Olga Wong

    ... Olga Wong olga.wong@scmp.com MPF no substitute for pensions, says consultant Hong Kong's mandatory retirement contribution scheme is no substitute for pensions, says a former advocate of the Mandatory Provident Fund. Nelson Chow Wing-sun, chair professor at the University of Hong Kong's Department of Social Work and Social Administration, helped the government formulate the fund ...

    http://www.scmp.com/news/hong-kong/article/1433788/mpf-no-substitute-pensions-says-consultant-nelson-chow
  2. News - Hong Kong - RETIREMENT

    Bosses 'using workers' MPF accounts like piggy banks', say unionists

    Posted Jan 06th 2014, 04:02am by Ernest Kao

    ... bosses use MPF like a piggy bank Unionists say bosses are treating workers' compulsory retirement savings accounts like a "piggy bank" by dipping into them to fund severance ... is unfair and is ruining the image of and trust in the [MPF] system," said Federation of Trade Unions lawmaker Tang Ka-piu. "Our concern is that if [the administration] cannot suggest any ...

    http://www.scmp.com/news/hong-kong/article/1398515/bosses-using-workers-mpf-accounts-piggy-banks-say-unionists
  3. News - Hong Kong - RETIREMENT

    MPF funds fees rising despite semi-portability scheme

    Posted Oct 31st 2013, 04:24am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Costs have fallen since savers were allowed to choose their providers, but many have still increased charges, prompting call for a ceiling MPF fund fees rising despite competition Administrative fees for MPF funds have fallen since the introduction of a scheme that brought greater competition, but a significant number of funds are still raising ...

    http://www.scmp.com/news/hong-kong/article/1343900/mpf-funds-fees-rising-despite-semi-portability-scheme
  4. 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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