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  1. 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 ...

  2. Investors must be more involved

    Posted Dec 13th 2010, 12:00am by Chris Davis

    ... Chris Davis By any standard, the HK$345 billion in contributions that has been paid into Mandatory Provident Fund is a lot of money. However, as the MPF celebrates its 10th anniversary, a large percentage of MPF contributors continue to treat their retirement investment with indifference. A recent survey conducted by FIL Investment Management (Hong Kong) revealed 55 per cent ...

  3. 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 ...

  4. 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 ...

  5. Red tape can leave job-switchers with little cash in MPF accounts

    Posted Oct 25th 2010, 12:00am by Anita Lam

    ... in the system had cost many workers their life savings. Transferring an MPF account to a new fund trustee, for example, requires such complex procedures that many workers are deterred. 'I have heard of some workers who have up to 10 MPF accounts, and with each charging management fees the expenses are huge,' said Ip Wai-ming, a legislator for the union. Among the seven leading ...

  6. Tax breaks and other incentives will drive up voluntary payments

    Posted Dec 15th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Nine years after the government introduced the Mandatory Provident Fund (MPF), the jury is still out on whether it has been successful in helping Hong Kong's workforce save ... since it was launched in December 2000. This is a good coverage rate. Recent investment returns have also been impressive. The MPF has been in positive territory for nine straight months up ...

  7. Paying the price for MPF plan's lack of credibility

    Posted Mar 02nd 2011, 12:00am by Albert Chen, Albert Cheng

    ... of criticism instead of praise. A one-off injection of HK$6,000 into each MPF account, costing the government HK$24 billion, turned out to be the most criticised measure. Financial Secretary John Tsang Chun-wah must have least expected that. The government introduced a similar measure in a previous budget when it injected HK$6,000 into the MPF accounts of people earning less than HK$10,000 per ...

  8. Preparing members for launch of ECA

    Posted Nov 12th 2010, 12:00am by Andrea Li

    ... of the management of their pensions. 'These initiatives will help prepare employees for the launch of the employee choice arrangement (ECA), which will give MPF scheme members the option ... better for their long-term retirement,' Cynthia Hui Wai-yee, the MPFA's executive director (supervision), said. In the last financial year the aggregate net asset value of all MPF ...

  9. 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 ...

  10. Invest more before it's too late

    Posted Jul 12th 2010, 12:00am by Alex Frew Mcmillan

    ... Alex Frew McMillan The Mandatory Provident Fund (MPF) scheme will turn 10 years old in December. As it reaches a decade of operation, the MPF has become a familiar part ... attention. There are 2.2 million employees in the MPF programme, plus another 263,000 self-employed people. Together, they have amassed HK$317 billion in MPF savings. That is HK$128,465 per person- ...




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