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  • July 28, 2014
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  1. Lagging behind

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... Chris Davis Education and planning are two of the fundamental principles MPF contributors need to recognise in setting investment goals as an effective part of their retirement strategy. Surveys conducted by various groups, including MPF scheme providers, consistently reveal that Hong Kong's working population significantly lags behind other mature markets in terms ...

    http://www.scmp.com/article/719448/lagging-behind
  2. Investment fund seen as taxation

    Posted Oct 27th 2011, 12:00am

    ... Chris Davis In spite of being labelled a cornerstone of retirement savings in Hong Kong, voluntary contributions to the Mandatory Provident Fund (MPF) remain relatively low. Unlike Singapore and Australia, where the equivalent of the MPF has become part of the overall savings landscape among employees and employers, many employees in Hong Kong consider the MPF another form ...

    http://www.scmp.com/article/983022/investment-fund-seen-taxation
  3. Urgent need for planning

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... benefits business at HSBC Insurance, says an important part of MPF planning is to develop a clear understanding of long-term goals matched with risk appetite. He says Hong Kong has a large number ... study, conducted across 1,000 MPF members by the University of Hong Kong's Public Opinion Programme, shows that many members underestimate the income they need for retirement. Forty-four per ...

    http://www.scmp.com/article/719446/urgent-need-planning
  4. Pension in the air

    Posted Jun 04th 2012, 12:00am

    ... Jasper Moiseiwitsch Imagine this scenario for Hong Kong's pension scheme, known as Mandatory Provident Fund (MPF): every month investors get a single, simple statement detailing all money they have put into MPF. Their fund gains money each year- perhaps not huge amounts but enough to beat the rate of inflation. Indeed, the pension is so well funded it could plausibly take ...

    http://www.scmp.com/article/1002917/pension-air
  5. HSBC to slash MPF management fees by 40pc

    Posted Feb 10th 2011, 12:00am by May Chan

    ... May Chan HSBC will introduce a 40 per cent cut in management fees for three funds under its existing MPF schemes starting from March this year. The three constituent funds include SimpleChoice, SuperTrust, and SuperTrust Plus. The new management fees for MPF Conservative Fund, Global Bond Fund and Hang Seng Index Tracking Fund under the above schemes will be lowered from 1.25-1.5 ...

    http://www.scmp.com/article/737812/hsbc-slash-mpf-management-fees-40pc
  6. Manulife follows rivals in slashing MPF fees

    Posted Sep 29th 2007, 12:00am by Staff Reporter

    ... for their most conservative investment options. More MPF providers, including HSBC, were expected to follow suit, market watchers said. Starting next week, the management fee for Manulife MPF Capital Preservation Fund (CPF) will be lowered by 0.5 percentage point to 1.75 per cent while the fee for its Manulife MPF Interest Fund would be reduced 0.25 percentage point to 2 per cent. The company ...

    http://www.scmp.com/article/609655/manulife-follows-rivals-slashing-mpf-fees
  7. 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 ...

    http://www.scmp.com/article/624892/we-should-not-give-more-under-performing-mpf-scheme
  8. Modest return for MPF amid market turmoil

    Posted Jul 05th 2012, 12:00am

    ... is uncertain. The retirement plan, which covers 2.5 million local employees, eked out a return of 3.21 per cent in the first six months as the benchmark Hang Seng Index rose 5 per cent. But the MPF still did better than bank deposit returns, which are now close to zero. The 435 investment funds under the MPF lost an average 3.64 per cent in the second quarter, offsetting strong gains ...

    http://www.scmp.com/article/1005928/modest-return-mpf-amid-market-turmoil
  9. Corrections & clarifications

    Posted Jul 10th 2006, 12:00am by Staff Reporter

    ... In some editions on Saturday, the report 'MPF posts annual return of 6.99pc' on Page 1 wrongly described some Mandatory Provident Fund sectoral funds' cumulative returns as average annual returns. ...

    http://www.scmp.com/article/556125/corrections-clarifications
  10. New HSBC scheme cuts preserved fund management fees to 1pc

    Posted Jan 11th 2008, 12:00am by Enoch Yiu

    ... Natalie Chiu and Enoch Yiu HSBC Insurance yesterday announced a new MPF scheme with management fees reduced to as low as 1 per cent, the lowest among all the MPF products in Hong Kong. The move by the largest MPF provider signals the latest round of fee cuts- following the first reductions last year- under intense lobbying from the authority. It is also the first reduction ...

    http://www.scmp.com/article/622433/new-hsbc-scheme-cuts-preserved-fund-management-fees-1pc

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