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  • November 25, 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 ...

  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 ...

  3. 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 ...

  4. MPF records 7.24pc loss in first quarter

    Posted Apr 12th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu The Mandatory Provident Fund (MPF), covering more than 2.4 million employees, recorded an average loss of 7.24 per cent in the first quarter, the worst quarter since the compulsory pension scheme was launched eight years ago, according to a Lipper Hong Kong MPF Market Insight Report. The 312 MPF investment funds, with assets of about HK$260 billion, lost an average ...

  5. Funds provide healthy returns

    Posted Oct 27th 2011, 12:00am

    ... Bo Leung During the 10 years since the launch of the Mandatory Provident Fund (MPF), there have been a few major incidents of market turbulence. These included the dotcom bubble from 1995 until 2000, severe acute respiratory syndrome in 2003 and the global financial crisis in 2008. Although the markets have gone through many highs and lows, the MPF has been relatively steady ...

  6. MPF providers in the clear on Dutch certs

    Posted Sep 06th 2004, 12:00am by Enoch Yiu

    ... battle with the funds industry. The Mandatory Provident Fund Schemes Authority has advised 20 MPF trustees of its decision on the Dutch depositary receipts, commonly known as Dutch certs. ... has approved the amendments to the investment guideline, which will include Dutch certs as a permissible investment, along with other similar receipts or certificates.' MPF providers have ...

  7. MPF bureaucrats fiddle while money burns

    Posted Feb 27th 2009, 12:00am by Stephen Vines

    ... genius has come to the fore again with a plan to fiddle around with the names of funds in the failed Mandatory Provident Fund (MPF) scheme. As returns from investments in MPF funds shrink and a growing realisation emerges that the scheme's main beneficiaries are the banks and investment houses providing the funds, the MPF authority (under external pressure) has come ...

  8. Losses on MPF funds wipe out last year's gains

    Posted Nov 21st 2008, 12:00am by Dennis Eng

    ... MPF fund invested in Hong Kong equities fell at least 30 per cent, and some close to 40 per cent, Lipper's data shows. Slumping equity markets and the global financial turmoil had hit ... a minimum of 5 per cent of their monthly earnings into their MPF account to provide for their retirement. In that time, the average annual rate of return on MPF funds has been 2.6 per cent. ...

  9. MPF investment caps may exclude managers from subscribing to issue

    Posted Mar 03rd 2009, 12:00am by Enoch Yiu

    ... if they are allowed to, some fund managers doubt that the bank will gain any long-term benefits from the capital-raising move. Under MPF legislation, the total amount invested in securities and other investments from a single issuer must not exceed 10 per cent of the total funds of an MPF constituent fund. 'MPF fund managers have to adhere to investment restrictions as prescribed by the law ...

  10. Government's paper shufflers perfect for tidy MPF accounts

    Posted Oct 26th 2010, 12:00am by Jake Van Der Kamp

    ... 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. SCMP, October 25 ... made MPF contributions on your behalf to the investment manager of his choice (not yours). You now have a sack full of different MPF accounts with different managers, all holding only small ...




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