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  1. Business - Comment - JAKE'S VIEW

    MPF 'scandal' of overcharging deserves scrutiny by SFC

    Posted Feb 13th 2014, 01:24am by Jake Van Der Kamp

    ... Jake van der Kamp Overcharging by MPF managers is one of the biggest thefts committed in Hong Kong MPF 'scandal' deserves scrutiny by SFC A price war is looming among Mandatory ... a tiny slice of the MPF market and the waiver is valid for only the next three years. But it still provides an opportunity for putting matters into perspective. The average annual fee charged ...

    http://www.scmp.com/business/article/1426708/mpf-scandal-overcharging-deserves-scrutiny-sfc
  2. Comment - Insight & Opinion - LEADER

    Haitong's lower fees a small step in right direction for retirement fund

    Posted Feb 12th 2014, 03:25am by SCMP Editorial

    ... SCMP Editorial Small step in right direction for MPF Among the many flaws of the Mandatory Provident Fund that critics have pointed out, the one that is the most detrimental to retirement ... Despite repeat complaints from the government, the MPF Schemes Authority and labour groups over many years, most fund fees have stayed unjustifiably high, both in absolute terms and when compared ...

    http://www.scmp.com/comment/insight-opinion/article/1426271/haitongs-lower-fees-small-step-right-direction-retirement
  3. Business - Comment - JAKE'S VIEW

    MPF's real swindle is way it is stacked against workers

    Posted Jan 21st 2014, 12:33am by Jake Van Der Kamp

    ... Jake van der Kamp Employer-based system, even with fund switch concession, ensures low returns and high fees MPF's real swindle is way it is stacked against workers Speculation ... their retirement savings. Let us lay out the groundwork here as the real scandal is not what it at first seems. The offsetting mechanism in the MPF allows employers to deduct severance payments they may ...

    http://www.scmp.com/business/article/1409917/mpfs-real-swindle-way-it-stacked-against-workers
  4. Comment - Insight & Opinion - MY TAKE

    MPF doesn't work for the little guy

    Posted Jan 17th 2014, 11:56pm by Alex Lo

    ... Alex Lo alex.lo@scmp.com MPF doesn't work for the little guy A fund manager friend calls it the Mandatory Poverty Fund. Most of us call the MPF by its more polite name. But my friend ... benefited were managers in the banking and fund management industry, for which MPF fees and charges have been a bonanza. And while I admit bosses don't like having to contribute their shares ...

    http://www.scmp.com/comment/insight-opinion/article/1407966/mpf-doesnt-work-little-guy
  5. Comment - Insight & Opinion

    Bosses must stop dipping into workers' retirement funds

    Posted Jan 25th 2014, 04:10am by SCMP Editorial

    ... SCMP Editorial Sticky fingers eat into MPF pie Everyone knows about the Mandatory Provident Fund's shortcomings, yet no one seems to have a clear idea how to reform it. Among its most ... bosses could deduct from MPF accounts to make such payments. Executive Council member Fanny Law Fan Chiu-fun has defended Leung, saying the government is now looking into the issue. It is deeply ...

    http://www.scmp.com/comment/insight-opinion/article/1412912/bosses-must-stop-dipping-workers-retirement-funds
  6. Comment - Insight & Opinion

    Ongoing challenges faced by the MPF

    Posted Jul 03rd 2013, 12:00am by ANNA WU

    ... Anna Wu says ensuring security forHong Kong's rapidly ageing population through the ambitious MPF scheme requires longer-term changes to ensure the system is robust enough for the job ... of March and the annualised rate of return over the past 12 years has been 4 per cent. Compared with an inflation rate of around 1.4 per cent over the same period, MPF benefits are, on average, ...

    http://www.scmp.com/comment/insight-opinion/article/1274039/ongoing-challenges-faced-mpf
  7. 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
  8. 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
  9. Business - Comment - WHITE COLLAR ENOCH YIU

    Low-fee MPF schemes get boost from big contributions

    Posted Nov 26th 2013, 03:02am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com All is not lost for cheap plans after massive switch by employees fails to materialise Low-fee MPF schemes get boost from big contributions Reduced Mandatory ... BOCI-Prudential introduced the cheapest MPF scheme in town. The average fee for its 11 funds stood at 1.03 per cent, against a market average of 1.72 per cent. Many expected the low-fee scheme to attract ...

    http://www.scmp.com/business/article/1365745/low-fee-mpf-schemes-get-boost-big-contributions
  10. 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

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