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  1. Taking a bow

    Posted Oct 21st 2011, 12:00am

    ... of choice to reduce the fees and charges of MPF schemes' and offered the usual platitudes about additional improvements being under consideration. There were no specifics, even though high-level demands to give employees a better deal began in 2007 when executive councillor Henry Fan Hung-ling became the MPF Schemes Authority's chairman. His successor, Anna Wu Hung-yuk, ...

  2. Officials in the firing line as two Tsangs get a truly gritty makeover in spoof movie poster

    Posted Mar 05th 2011, 12:00am by Alex Lo

    ... respectively, Chief Executive Donald Tsang Yam-kuen and finance chief John Tsang Chun-wah. The government's U-turn on the budget regarding its planned HK$6,000 MPF injections, having been ...

  3. Inflated fears

    Posted Mar 02nd 2011, 12:00am by Frank Ching

    ... to adopt the Macau approach and simply give HK$6,000 to each identity card holder, regardless of whether the person has an MPF account. That would make matters much simpler and reduce red tape. The MPF proposal conspicuously ignores the welfare of those aged 65 and over, who no longer have MPF accounts but who in many cases are still working in an attempt to make ends meet. What ...

  4. Interest groups speak their minds

    Posted Jul 02nd 2011, 12:00am

    ... are not asking to be raped No more genetically modified papayas No more subdivided flats Small-class education No more MPF (Mandatory Provident Fund) More smoking areas, lower tobacco tax No more killing ...

  5. Keeping vested interests happy

    Posted May 01st 2006, 12:00am by Philip Bowring

    ... officially sanctioned oligopolies in the financial sector are making hay at the public's expense. The one that hits the hardest is the Mandatory Provident Fund (MPF). Forced savings may be desirable but the attached fees and charges are a bonanza for the service providers. As Mr Webb's research has shown, those who invested their MPF dollars in HSBC's Hang Seng Tracker Fund ...

  6. DAB has cheaper option to help elderly at no extra cost to taxpayer

    Posted Nov 08th 2011, 12:00am

    ... be furious if they were asked to contribute more on top of the current MPF scheme. Our proposal would be more popular with Hongkongers. We hope the government will consider our proposal. Holden Chow, ...

  7. Former officials criticise U-turn

    Posted Mar 07th 2011, 12:00am by Adrian Wan

    ... by Financial Secretary John Tsang Chun-wah, in which he opted to give HK$6,000 to every Hong Kong permanent resident aged over 18 instead of his original plan to inject the money into MPF accounts. ...

  8. Right man for the job?

    Posted Jul 11th 2005, 12:00am by Philip Bowring

    ... services he was involved in creating the Mandatory Provident Fund (MPF), and went on to become its first boss. He got a huge salary increase- without losing his very generous civil service pension rights. The MPF is an expensive bureaucracy that eats up the forced savings of citizens. It is a classic bureaucratic boondoggle for ex-civil servants. From there he went to the private sector- ...

  9. In Brief

    Posted Apr 01st 2008, 12:00am by Staff Reporter

    ... Ka-keung has said. Legislator Wong Kwok-hing said a budget proposal to inject HK$6,000 into the MPF accounts of people with monthly incomes lower than HK$10,000 had overlooked those who opted ...

  10. Budget relief tipped for owners

    Posted Jan 14th 2012, 12:00am

    ... million adult permanent residents. The HK$24 billion MPF injection was widely criticised as unhelpful in particular to the middle class. Tsang warned in an article posted on his blog on Sunday ...




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