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  • October 3, 2014
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  1. We should not give more to under-performing MPF scheme

    Posted Jan 31st 2008, 12:00am by Staff Reporter

    ... should exercise fiscal responsibility. I also agree with his observation that the likely return from the Mandatory Provident Fund (MPF) scheme will not adequately provide for people's retirement. However, I do not agree that we should put more of our hard-earned money into the MPF scheme for a number of reasons. The MPF was never intended to be the sole source of income for our ...

  2. MPF scheme needs more than tweaking

    Posted Jan 14th 2012, 12:00am

    ... two. That puts enormous pressure on our financial and social security system. Rethinking the MPF scheme, not just tweaking it, is the only way to meet the challenge. ...

  3. Investors show interest in fixed-income choices

    Posted Mar 28th 2012, 12:00am

    ... John Cremer Hong Kong's MPF regulators and providers are well-practised and always consistent in their statements about the scheme's purpose. It is for long-term retirement needs ... suffering a nervous reaction when they see, for example, that the MPF loss averaged 8.4 per cent last year. Nor should it prevent them from taking active steps to look for better returns through ...

  4. Changes I'd make to get MPF working in the interests of members

    Posted Oct 11th 2005, 12:00am by Jake Van Der Kamp

    ... Services Secretary Frederick Ma Si-hang for puffing himself up on dubious claims of success for the MPF and the email poured in, mostly supportive. The MPF is still widely resented. One reader, ... Kong-wide provident fund was really necessary, and this was never proven, I shall concede that our civil servants did some things right with the MPF. They made it a fully funded and defined ...

  5. In Brief

    Posted Jul 21st 2007, 12:00am by Staff Reporter

    ... work offers. MPF funds totalling HK$110,000 recovered The Mandatory Provident Fund Schemes Authority has helped 18 employees recover a total of HK$110,000 in MPF payments through the Small ... a separate amount to the authority. The money will be reimbursed to the employees' MPF accounts. ...

  6. Daft savings accounts can make Hong Kongers sick

    Posted Jun 08th 2007, 12:00am by Jake Van Der Kamp

    ... scheme, which is exactly what it should be... if, that is, the MPF was a good idea to begin with, which it wasn't, but I won't go into that here. The point is that the Bauhinia Foundation's proposed medical scheme would be set up like the MPF. You put a regular contribution in every month and then when you have some doctor's bills to pay, you take money out and pay ...

  7. That sinking feeling

    Posted Nov 29th 2011, 12:00am

    ... 'This prompted a strong recovery in prices allowing MPF investors to recoup some of their previous losses,' Konyn says. 'The question is are these conditions still valid ...

  8. Local insurers seek exemption from US tax law

    Posted Jul 09th 2012, 12:00am

    ... 2.5 million local employees covered by the Mandatory Provident Fund (MPF) with US investments would be affected by the new law. Mark Oh, BlackRock's Asia-Pacific director and head of tax, ...

  9. Planning to retire on $2 million in savings? Welcome to hard times

    Posted Aug 08th 2005, 12:00am by Jake Van Der Kamp

    ... to help us in retirement, 10 per cent of wages, and the total net asset value of the MPF has now risen to $131 billion, a very big figure. Yes, but there are 3.35 million employees in Hong Kong. Divide that very big figure among them and all you get is $38,941 per person. Now let us advance these calculations a bit further with rough calculations. The MPF has not been a particularly good ...

  10. You're only assured of more risk

    Posted Sep 19th 2011, 12:00am

    ... to cancel her policy and put the corresponding amount into her mandatory provident fund (MPF) account. If she stayed with this policy until age 99 she stood to receive around HK$1 million, ... in their home of origin before arriving in Hong Kong. But Smith says Hong Kong nationals would be better off putting their money into a low-fee paying MPF account, rather than paying into a long-term ...




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