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  1. Comment - Insight & Opinion

    Pensions need a longer view

    Posted Oct 22nd 2012, 12:00am by SCMP Editorial

    ... political parties to oppose funding for a boosted old-age allowance unless the government drops its plan to means test it. Another is a Consumer Council survey of MPF schemes showing that nearly ... there is no means test on the HK$1,090 "fruit money" for those over 70. A universal scheme was rejected in the past in favour of the MPF scheme, the shortcomings of which are now a catalyst ...

  2. 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, ...

  3. HSBC helps teach staff to pick the right MPF fund

    Posted Jun 30th 2012, 12:00am

    ... Darius Musni Mandatory Provident Fund (MPF) providers, like human resources managers, are confronted by the generational challenge in the workplace. Accordingly, they are adapting ... employees' retirement fund through voluntary and additional MPF contributions is one of the best ways to guarantee financial security after the inevitable retirement. Voluntary contributions ...

  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 ...

  5. Threat to MPF and Asian funds from US law

    Posted May 28th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Some of the 2.5 million Hong Kong employees covered by the Mandatory Provident Fund (MPF) may be in for a nasty shock when a new US tax law comes into effect ... more detail on their US clients. Non-US financial institutions that fail to co-operate will face a 30 per cent withholding tax on most US-sourced income. 'Even if a fund, including MPF ...

  6. Finance still offers a barrel of funds

    Posted May 08th 2012, 12:00am

    ... outspoken supporters of the MPF retirement scheme, although at times he has been critical of its plans for development. For bankers who face the axe, the fund houses next door may offer ...

  7. Our next chief executive must fix HK's broken MPF scheme

    Posted Mar 23rd 2012, 12:00am

    ... with a thorough reform of the city's Mandatory Provident Fund scheme. The 11-year-old MPF, which is meant to provide financial security for Hong Kongers when they retire, is gravely flawed. First, the fees are far too high. The average annual fee charged by MPF providers is currently 1.8 per cent. According to pension consultants Mercer, that's more than twice as much as the fees ...

  8. Letters

    Posted Mar 23rd 2012, 12:00am

    ... a generation that is devoid of social skills and good manners. Justin Leung Wai-lok, To Kwa Wan Ease curbs on MPF investments I support the proposal that the government loosen restrictions imposed ... of the mandatory MPF scheme, although we must always be aware of the potential pitfalls. Relaxing restrictions will give fund managers and their clients additional options. It makes sense to be given more ...

  9. Hospital pension awaits QFII quota

    Posted Mar 05th 2012, 12:00am

    ... growth potential,'' she said. At present, a MPF manager cannot structure a China A-share fund, because the QFII requirements do not dovetail with MPF requirements. Hong Kong law also bans MPF scheme managers from investing too much in China because neither Shanghai or Shenzhen markets are 'approved stock exchanges'. MPF managers, even if they have a QFII quota, ...

  10. The unpleasant truth about growing old

    Posted Mar 01st 2012, 12:00am

    ... When people are working and contributing to MPF schemes, they tend to forget to adapt the type of investments they have chosen as they get older. There is a need for employers and MPF scheme ...




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