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  • August 29, 2014
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  1. In Brief

    Posted Apr 05th 2007, 12:00am by Staff Reporter

    ... MPF funds recovered The Mandatory Provident Fund Schemes Authority has helped 22 workers recover about HK$250,000 in MPF payments by nine employers. The Small Claims Tribunal ordered the companies to pay between HK$1,173 and HK$73,306 into their workers' MPF accounts. ...

  2. Employees deserve more control over who manages MPF funds

    Posted Jun 25th 2007, 12:00am by Staff Reporter

    ... It was just a small step towards improving the Mandatory Provident Fund (MPF) scheme when Secretary for Financial Services and the Treasury Frederick Ma Si-hang, disclosed last week that the MPF Authority is considering an option to allow employees to choose MPF trustees regarding the accrued benefits derived from their own contributions. I hope the proposals will increase market ...

  3. 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 ...

  4. 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. ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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