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  • July 23, 2014
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  1. Business - Money

    Hong Kong pension regulator unveils cost-cutting plan following criticism

    Posted Jul 10th 2014, 04:55am by Enoch Yiu

    ... expensive office space in places like the International Commerce Centre. Meanwhile, MPF provider Principal Trust Company (Asia) yesterday reduced the fees of its Hong Kong equity fund to 1.35 per ...

    http://www.scmp.com/business/money/markets-investing/article/1550640/hong-kong-pension-regulator-unveils-cost-cutting
  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 - Money - PENSIONS

    MPFA proposes fee cap on pension funds

    Posted Jun 25th 2014, 02:37am by Enoch Yiu

    ... an average of 1.69 per cent. There are 600,000 employees with a pension pool of HK$60 billion who do not select the funds in their MPF pension scheme. "The initiative is aimed at addressing two ... announced a three-month consultation on the plan. The proposal comes in response to criticisms against the high fees and poor performance of the MPF, which was introduced in 2000. The 41 schemes run ...

    http://www.scmp.com/business/money/markets-investing/article/1539915/mpfa-proposes-fee-cap-pension-funds
  4. Business - Money - PENSION FUNDS

    Global economic recovery points to year-end MPF gains, say analysts

    Posted May 06th 2014, 12:42am by Benjamin Robertson

    ... employee retirement scheme fell on average 0.1 per cent, in virtual lockstep with the Hang Seng Index, which dropped 0.14 per cent. Year to date, MPF funds on average shed 1.01 per cent, compared ... securities and fixed assets. The Mandatory Provident Fund Schemes Authority, which oversees the MPF, is holding a consultation to consider ways to upgrade the MPF's operation. One idea ...

    http://www.scmp.com/business/money/markets-investing/article/1505359/global-economic-recovery-points-year-end-mpf-gains
  5. Business - Money - PENSIONS

    Making a case for Hong Kong's pension fund

    Posted May 02nd 2014, 01:03am by Cathy Holcombe

    ... Cathy Holcombe Foibles of Greenspan's homo economicus play out with need for enforced retirement savings The dumbed-down case for MPF: we're not that smart Shareholder activist David Webb wrote an excellently funny piece on the Mandatory Provident Fund (MPF) recently, mocking the government leaflet which announces increased contributions to the compulsory retirement ...

    http://www.scmp.com/business/money/article/1502003/making-case-hong-kongs-pension-fund
  6. Business - Money - MARKETS

    MPF reports average loss as analysts forecast more of the same

    Posted Apr 04th 2014, 01:14am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Funds reported an average loss of 0.66pc in March, with analysts forecasting more of the same as stock market volatility continues MPF loss turns up heat ... quarter. "Looking ahead, the stock markets would continue to be volatile and we could not put high hopes on MPF returns," Tong said. The high fee, low returns of the MPF have led many ...

    http://www.scmp.com/business/money/markets-investing/article/1464202/pension-fund-losses-may-turn-heat-reform-hong-kong
  7. Business - Banking & Finance

    Employers fight move to abolish MPF offset provision

    Posted Mar 17th 2014, 02:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Employers fight move to abolish MPF offset Employers are lobbying forcefully against the call by some lawmakers to abolish the offset provision ... 2017 to abolish the offset to improve retirement protection for workers. "The MPF is meant for retirement protection of the 2.4 million employees covered by the scheme. The offset system ...

    http://www.scmp.com/business/banking-finance/article/1450240/employers-fight-move-abolish-mpf-offset-provision
  8. 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
  9. 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
  10. Business - Banking & Finance

    Options limited in cutting pension fund charges in Hong Kong

    Posted Mar 17th 2014, 02:27am by Benjamin Robertson

    ... in the report, including Britain and Singapore. While fee levels remain under scrutiny, industry representatives say there are limits to what can be done. "The MPF market in Hong Kong is still young ... In one example provided in a Consumer Council report on the MPF, an account accruing HK$2,000 monthly for 30 years, assuming a 5 per cent average gross investment return, would lose HK$220,000 ...

    http://www.scmp.com/business/banking-finance/article/1450238/options-limited-cutting-pension-fund-charges-hong-kong

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