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  • April 22, 2014
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Results 1 - 10 of 14 for mpf

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  1. Business - Economy - PENSIONS

    Lobbyists work to change pension rule that has cost workers HK$20b

    Posted Mar 19th 2014, 01:26am by Enoch Yiu

    ... to abolish the mechanism, which allows bosses to use their portion of contributions to the MPF to offset the severance or long-service payments due to an employee- up to a maximum of HK$390,000. Government statistics show that between July 2001 and June last year, employers used HK$20.7 billion from MPF contributions to offset severance and long-service payments. "If there is no offset ...

    http://www.scmp.com/business/economy/article/1452046/lobbyists-work-change-pension-rule-has-cost-workers-hk20b
  2. Business - Banking & Finance - PENSIONS

    Pension fund scheme heads for shake-up

    Posted Mar 17th 2014, 02:27am by Jasper Moiseiwitsch

    ... on costs MPF heads for shake-up For those frustrated by the high fees, limited choices and the paperwork of the government-mandated pension plan, relief may be in sight. The main regulator ... a major report on the pension scheme in 2012. "It achieves a political agenda in terms of a low-cost provision [of MPF services]," said Pogson. It's a tactical move... to embarrass ...

    http://www.scmp.com/business/banking-finance/article/1450239/pension-fund-scheme-heads-shake
  3. Business - Banking & Finance - PENSIONS

    MPF dips into the red for first half

    Posted Jul 04th 2013, 12:00am by Enoch Yiu

    ... The 458 MPF investment funds reported an average month-on-month loss of 3.24 per cent last month, bringing the average loss for the first half of the year to 0.56 per cent, according to data ... in the past two months after the US showed signs of planning to end its monetary easing policy, and that had hurt MPF performance. "Until the US Fed will be more definite on its policy, ...

    http://www.scmp.com/business/banking-finance/article/1274910/mpf-dips-red-first-half
  4. Business - Money - PENSIONS

    MPF switch fails to make big hit

    Posted Jun 13th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Pension scheme reform allowing employees to change fund providers sees only 3 in 100 taking up the option, well short of expectations MPF switch fails to make big hit Employees have used their newly won power of choice over their retirement fund provider to overwhelmingly stay put. While the move to allow switching of MPF funds was hailed ...

    http://www.scmp.com/business/money/markets-investing/article/1259444/mpf-switch-fails-make-big-hit
  5. 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
  6. Business - Money - PENSIONS

    Market sell-down leaves MPF funds in the red

    Posted Jun 05th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Pension scheme slips 0.87 per cent in May as stocks in Japan and emerging economies drop Market sell-down leaves MPF funds in the red The Mandatory Provident ... reported an average month-on-month loss of 0.87 per cent after a gain of 1.9 per cent in April, according to data provider Lipper. For the first five months of the year, the MPF recorded an average ...

    http://www.scmp.com/business/money/markets-investing/article/1253640/market-sell-down-leaves-mpf-funds-red
  7. Business - Money - PENSIONS

    MPF back in profit as markets rally

    Posted May 04th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com April sees retirement fund bounce back to black after losses over previous 2 months MPF back in profit as markets rally The Mandatory Provident Fund, covering ... fund, the only type of fund to record a loss, of 1.95 per cent. It was also the worst performer over the first four months, losing 4.31 per cent. The second-worst performers were the nine MPF ...

    http://www.scmp.com/business/money/markets-investing/article/1229630/mpf-back-profit-markets-rally
  8. News - Hong Kong - PENSIONS

    Labour advisory panel backs MPF changes

    Posted Jan 17th 2013, 12:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Panel supports move that will put more money into 70,000 low income earners' pockets, but the higher earners will have to contribute more New Mpf Levels win Backing of board A government advisory body has backed a plan that would save 70,000 low-income people from having to contribute to their MPF accounts while 400,000 would have to pay more. ...

    http://www.scmp.com/news/hong-kong/article/1129621/labour-advisory-panel-backs-mpf-changes
  9. Business - Money - PENSIONS

    Legco support for plans to cut back on MPF charges

    Posted Jan 08th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Greater use of electronic payments and a cap on fees among suggestions raised by authority Legco support for plans to cut back on MPF charges Most lawmakers support the pension regulator's plan to bring in measures to cut management fees for the Mandatory Provident Fund (MPF). During the monthly meeting of the Legislative Council's financial ...

    http://www.scmp.com/business/money/markets-investing/article/1122441/legco-support-plans-cut-back-mpf-charges
  10. Business - Money - PENSIONS

    Insurers claim victory in fight for workers switching MPF providers

    Posted Jan 28th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The sales forces of the insurance companies appear to be winning against the banks after MPF rule changes Insurers claim victory in fight for MPF switchers ... chosen to switch their providers. Other insurers such as Manulife and AXA China Region also have seen growth in their MPF business over the past two months. Manulife did not give number but said ...

    http://www.scmp.com/business/money/markets-investing/article/1137345/insurers-claim-victory-fight-workers-switching-mpf

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