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  • September 16, 2014
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  1. Business - Money - WHITE COLLAR

    Big players unlikely to heed welcome move by smallest MPF provider

    Posted Feb 17th 2014, 11:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Market leaders unlikely to follow Haitong's move to reduce management fees on their products Small MPF players fight tough battle to stay in the game ... in capturing a piece of the HK$514 billion market. With an average fee of 1.71 per cent, the MPF generates fee revenues for fund houses of HK$8.79 billion a year. Ben Zhang Yibin, the managing director ...

  2. 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 ...

  3. Manulife follows rivals in slashing MPF fees

    Posted Sep 29th 2007, 12:00am by Staff Reporter

    ... for their most conservative investment options. More MPF providers, including HSBC, were expected to follow suit, market watchers said. Starting next week, the management fee for Manulife MPF Capital Preservation Fund (CPF) will be lowered by 0.5 percentage point to 1.75 per cent while the fee for its Manulife MPF Interest Fund would be reduced 0.25 percentage point to 2 per cent. The company ...

  4. HSBC to slash MPF management fees by 40pc

    Posted Feb 10th 2011, 12:00am by May Chan

    ... May Chan HSBC will introduce a 40 per cent cut in management fees for three funds under its existing MPF schemes starting from March this year. The three constituent funds include SimpleChoice, SuperTrust, and SuperTrust Plus. The new management fees for MPF Conservative Fund, Global Bond Fund and Hang Seng Index Tracking Fund under the above schemes will be lowered from 1.25-1.5 ...

  5. New HSBC scheme cuts preserved fund management fees to 1pc

    Posted Jan 11th 2008, 12:00am by Enoch Yiu

    ... Natalie Chiu and Enoch Yiu HSBC Insurance yesterday announced a new MPF scheme with management fees reduced to as low as 1 per cent, the lowest among all the MPF products in Hong Kong. The move by the largest MPF provider signals the latest round of fee cuts- following the first reductions last year- under intense lobbying from the authority. It is also the first reduction ...

  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. HSBC, Hang Seng join peers in cutting MPF fees

    Posted Oct 03rd 2007, 12:00am by Staff Reporter

    ... including some equity-related products. Market watchers expect other MPF providers to feel the pressure to lower fees if they want to maintain their competitiveness. HSBC and Hang Seng have used a flat fee rate of 1.95 per cent for all their funds under the MPF scheme. The lower fees will start next month for four funds. The fee for CPF for both institutions will be lowered to 1.25 per ...

  9. 'Nest egg' is not solution on its own

    Posted Jun 28th 2011, 12:00am

    ... John Cremer As Hong Kong's leading Mandatory Provident Fund (MPF) provider, HSBC accepts a responsibility to scheme members that goes far beyond the efficient management ... and post-retirement. 'The MPF is a valuable component in your retirement nest egg, but it is not the solution on its own,' says Robert Lang, HSBC's managing director for insurance business ...

  10. Comment - Letters

    Letters to the Editor, December 14, 2012

    Posted Dec 14th 2012, 12:00am by LETTERS

    ... Risky MPF scheme should be optional The whole idea of the Mandatory Provident Fund (MPF) scheme is to enable people to save for retirement. These are, in effect, old-age savings ... legislation and makes it mandatory for them to invest in funds through various trustees. These trustees are not held responsible for any losses nor does the government protect people's MPF ...




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