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  • September 22, 2014
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  1. More MPF providers weigh cuts in fees

    Posted Sep 08th 2007, 12:00am by Enoch Yiu

    ... or when the cut would take effect. Hang Seng Bank will do whatever its parent does. Spokesmen for both banks confirmed they were in the process of reviewing the fee structure of MPF plans but gave no details. HSBC and Hang Seng Bank have more than 30 per cent of the MPF market, making them the biggest provider. They charge annual fees of 1.95 per cent, much more than the revised fees ...

  2. MPF suffers worst six months since launch

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

    ... since it was launched in 2000. The 300 MPF funds suffered an average loss of 9.29 per cent in the first six months of the year, according to a report released by Lipper. Analysts forecast funds ... of an employee's salary to an MPF scheme. Employees decide how to invest their contributions in a number of funds. Those who chose stock funds suffered the most, with the 133 MPF equities funds having ...

  3. Letters

    Posted Aug 10th 2007, 12:00am by Staff Reporter

    ... Provident Fund providers have hit back at critics who say pension scheme fees are too high. A fair MPF charge has been a hot topic since media reports about the fees charged by its operators. It is common for most people to focus on investment returns, but simply ignore the charges of the fund. However, in my opinion, both are equally important. The aim of MPF operators is to maximise ...

  4. Eye Witness

    Posted Apr 30th 2007, 12:00am by Enoch Yiu

    ... per cent. This means 85 per cent of the working population in Hong Kong has been covered by the MPF or other retirement schemes. As at the end of February 2007, the total assets of the MPF stood at HK$206 billion and average monthly contribution was HK$2.4 billion. I believe it will continue to grow. The government has estimated it will need 30 years of contributions for the MPF ...

  5. Staying ahead of the pack

    Posted Feb 24th 2012, 12:00am

    ... to insurance and MPF accounts. Corporate clients, from small and medium-sized enterprises to multinationals, are supported in trade finance, e-commerce and cash management services. And tailor-made ...

  6. In Brief

    Posted Nov 23rd 2007, 12:00am by Staff Reporter

    ... grow to more than HK$1 billion but did not give a time frame. Maria Chan Principal joins competitors in cutting MPF management fee Principal Trust (Asia), a Mandatory Provident Fund provider, ... and the fees for the Hong Kong Dollar Savings Fund and US Dollar Savings Fund to 1.5 per cent. The MPF provider said at least 90,000 scheme members would benefit from the fee cuts. Maria Chan East Star ...

  7. HKEx board tussle to put finance chief in spotlight on director vote

    Posted Jan 01st 2008, 12:00am by Enoch Yiu

    ... it made last year to let employees, instead of their bosses, select MPF providers. Legco moves to poll position Besides the HKEx election, the Legislative Council will have a poll for its 60 ...

  8. Expert opinion

    Posted Mar 12th 2005, 12:00am by Staff Reporter

    ... in Hong Kong who want to save up for their retirement and their children's education by investing in different products, rather than just relying on the Mandatory Provident Fund (MPF ... part of many peoples' lives in Hong Kong. 'Apart from the MPF launched by the government, the commercial sector has taken initiatives to expand the market.' ...

  9. Exchange Fund posts HK$14.6b quarterly loss

    Posted Apr 29th 2008, 12:00am by Staff Reporter

    ... investment funds had fared even worse. The Mandatory Provident Fund, covering more than 2.4 million employees, recorded an average loss of 7.24 per cent in the first quarter, a Lipper Hong Kong MPF ...

  10. Better service through accessibility

    Posted Oct 12th 2007, 12:00am by Eileen Lian

    ... of services exclusively for SMEs, including commercial loans, trade finance, insurance, MPF accounts and deposit services. There are plans to expand to 20 centres by the end of next year. 'SMEs ...




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