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  1. News - Hong Kong - POLICY

    John Tsang cautious over changes to mandatory provident fund scheme

    Posted May 26th 2014, 05:31am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Financial chief urges caution while admitting system has fallen short on retirement protection Tsang reluctant to axe MPF despite flaws in scheme Hong ... enough retirement protection. "[An MPF overhaul] will have far-reaching implications. A decision [to change it] should not be made hastily. [Retirement protection] should not be used ...

    http://www.scmp.com/news/hong-kong/article/1519573/john-tsang-cautious-over-changes-mandatory-provident-fund-scheme
  2. News - Hong Kong

    Proposed changes to MPF ordinance set to benefit more retirees

    Posted Apr 26th 2014, 05:37am by Emily Tsang

    ... Emily Tsang emily.tsang@scmp.com Elderly may soon be allowed to draw out money in their fund up to four times a year Changes to MPF law to benefit retirees Retirees on the Mandatory Provident Fund (MPF) scheme may soon be able to withdraw their money in instalments up to four times a year, the MPF Schemes Authority said yesterday, instead of having to take the full amount ...

    http://www.scmp.com/news/hong-kong/article/1496979/proposed-changes-mpf-ordinance-set-benefit-more-retirees
  3. 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
  4. News - Hong Kong - PROVIDENT FUND

    30,000 move to new MPF providers

    Posted Jan 22nd 2013, 12:00am by Enoch Yiu

    ... president of US pension and investment fund operator Principal Financial, said almost an equal number of people have joined and left his MPF funds. 30,000 move to new MPF providers ...

    http://www.scmp.com/news/hong-kong/article/1133223/30000-move-new-mpf-providers
  5. 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
  6. 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
  7. 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
  8. News - Hong Kong - COURTS

    Rafael Hui failed to declare interest, trial told

    Posted Jul 22nd 2014, 03:58am by Austin Chiu

    ... to the MPF authority that he had accepted rent-free accommodation in two SHKP flats in Happy Valley during his term as managing director of the authority between June 2000 and August 2003. During ... with the property giant. The court heard yesterday that Hui became managing director of the MPF authority in June 2000 for a term of four years. He resigned in September 2002, but stayed on until August ...

    http://www.scmp.com/news/hong-kong/article/1557131/rafael-hui-failed-declare-interest-trial-told
  9. News - Hong Kong - SOCIETY

    Crunch time for new pension plan, says Professor Nelson Chow

    Posted Jun 30th 2014, 05:06am by LO WEI

    ... was the best time to discuss the issue given that the Mandatory Provident Fund (MPF) system had been in place for over a decade. He said the government had increased spending on welfare for the elderly ... on big pensions should not be eligible for the universal plan. The MPF began in 2000. Some critics say it does not provide enough; others say it benefits only those in work. ...

    http://www.scmp.com/news/hong-kong/article/1543209/crunch-time-new-pension-plan-says-professor-nelson-chow
  10. News - Hong Kong - PENSION SCHEME

    Business sector gives resounding 'no' to MPF offsetting clause

    Posted Feb 10th 2014, 10:06am by Tanna Chong, Jeffie Lam and Tony Cheung

    ... promise 'No deal' on ending loophole in MPF Despite unionists’ possible concessions on the timing of their demand to see the Mandatory Provident Fund’s “offsetting” mechanism ditched, ... allows employers to offset severance payouts and long-service pay with their contributions to the employees’ MPF accounts – from the policy address last month. But the employers remained ...

    http://www.scmp.com/news/hong-kong/article/1425107/business-sector-gives-resounding-no-mpf-offsetting-clause

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