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  • September 24, 2014
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  1. Public's investment in future a positive sign

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... people gave any thought to financial security upon reaching retirement. But all this changed when the government rolled out the Mandatory Provident Fund (MPF) in December 2000. Following the launch of the scheme, Hong Kong retirement plans and the funds management industry have been irrevocably altered. The MPF is widely credited as a key driver in shaping the public's growing ...

    http://www.scmp.com/article/459650/publics-investment-future-positive-sign
  2. Workers save extra for financial security

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... to having the compulsory minimum Mandatory Provident Fund (MPF) contribution deducted from their salaries are choosing to make voluntary contributions to their retirement pension fund. 'We are seeing a gradual increase in the understanding of what MPF is about, and the need to plan for financial contentment upon reaching retirement,' said Luzia Rosa Hung, HSBC general manager ...

    http://www.scmp.com/article/459642/workers-save-extra-financial-security
  3. 10 years of MPF - but who's cheering?

    Posted Dec 01st 2010, 12:00am by Enoch Yiu

    ... the Mandatory Provident Fund (MPF) has exceeded the government's initial financial target of HK$300 billion: there is a little over HK$345 billion in the retirement kitty. For the government, ... to support an ageing population. It has also helped to further develop Hong Kong's capital markets by bolstering a funds-management industry that is reaping big bucks from MPF-related fees. ...

    http://www.scmp.com/article/732067/10-years-mpf-whos-cheering
  4. 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 ...

    http://www.scmp.com/article/607072/more-mpf-providers-weigh-cuts-fees
  5. MPF may win some fans but choice is still the answer

    Posted Jan 10th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp Today an alternative view of the Mandatory Provident Fund from the e-mail inbox. The e-mail ran mostly my way on a recent column in which I criticised the MPF for, ... When the MPF came around he chose HSBC as the service provider because of a standing banking relationship with HSBC and because the local HSBC branch had been so very helpful as to deserve some ...

    http://www.scmp.com/article/622327/mpf-may-win-some-fans-choice-still-answer
  6. MPF check points to civil-servant moonlighting

    Posted Nov 25th 2008, 12:00am by Staff Reporter

    ... recipients- those with salaries of less than HK$10,000 a month- some civil servants were found to have MPF accounts with other employers contributing money, on top of their Civil Service Provident ... announced in its budget that it would inject HK$6,000 into the MPF accounts of each worker or selfemployed person whose salary fell below HK$10,000 in any of the three months from December last year ...

    http://www.scmp.com/article/661433/mpf-check-points-civil-servant-moonlighting
  7. Plan to boost MPF choice may cut fees

    Posted Jan 03rd 2008, 12:00am by Gary Cheung

    ... MPF providers, is likely to put further pressure on providers to cut their charges to keep clients. It comes at a time when fund managers are expected to introduce a second round of fee cuts- ... investment options in August- the first cuts since the MPF was launched in 2000. But the source said this was far from enough and there was room for more cuts. The second round of cuts was likely ...

    http://www.scmp.com/article/621567/plan-boost-mpf-choice-may-cut-fees
  8. Half measure makes another MPF mess

    Posted Jan 07th 2008, 12:00am by Jake Van Der Kamp

    ... on the left side of the road. Hah-hah-hah, but I'll tell you a better one yet. The Mandatory Provident Funds Scheme Authority wants to make a complete dog's breakfast of your MPF pension ... with the MPF is that right from the start our financial institutions pulled the wool over the eyes of the bureaucrats who put the scheme together and thus managed to subvert the MPF before it saw ...

    http://www.scmp.com/article/621927/half-measure-makes-another-mpf-mess
  9. China plans MPF-like pension

    Posted Feb 17th 2004, 12:00am by Enoch Yiu

    ... Fund (MPF) and 401(k) savings programmes in the United States. The scheme, to be established by the end of the year, will allow employees to deduct contributions of up to 4 per cent ... benefits practices at Watson Wyatt, said the scheme would be structured in a way similar to the MPF and the 401(k) plan. 'The [programme] will allow insurance companies, fund management firms, ...

    http://www.scmp.com/article/444781/china-plans-mpf-pension
  10. MPF investments pay off for first time since launch

    Posted Jan 17th 2004, 12:00am by Enoch Yiu

    ... the Mandatory Provident Fund (MPF) was introduced in 2000. Pension providers said the impressive performance of the retirement scheme was mainly the result of strong stock markets, while the good ... on stock investments. Last year's profit follows average losses of 6.39 per cent in 2002 and 0.33 per cent in 2001, according to Standard & Poor's. Total assets managed under the MPF ...

    http://www.scmp.com/article/441537/mpf-investments-pay-first-time-launch

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