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  • October 26, 2014
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  1. Making up for lost ground

    Posted Sep 26th 2008, 12:00am by Eileen Lian

    ... Hong Kong lags in its retirement scheme, but these qualified professionals are helping workers reach their goals. Eileen Lian reports The role of the Mandatory Provident Fund (MPF ... of MPF intermediaries to help them achieve this. 'MPF intermediaries are like the bridge between the MPF Authority and the workforce,' explained Michael Chan, vice-president, ...


    Posted Dec 13th 2010, 12:00am by Staff Reporter

    ... If you are an employee or self-employed, aged between 18 and 65 and residing and working in Hong Kong you must join an MPF scheme. Use on-line facilities to check MPF status regularly. ... Trustees in English and Chinese newspapers publish the unit price information of MPF funds. If you are changing jobs you may transfer the accrued benefits to a contribution account under a new ...

  3. BOCI-Prudential offers fee cut on MPF accounts

    Posted Jun 21st 2011, 12:00am

    ... The company will offer a 0.1 per cent fee reduction for all existing and new MPF customers whose pension account assets for the 12 months to April 30 next year reach HK$250,000 or more, chief ... launched 12 new low-fee MPF investment funds last July at prices of between 0.7 and 0.99 per cent of total assets, well below the market average of 1.92 per cent. Chan said at the time he hoped ...

  4. Business - Money - MPF REFORM

    Warning on unscrupulous MPF pitches

    Posted Nov 01st 2012, 12:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Warning on unscrupulous MPF sales pitches Hongkongers should guard against unscrupulous sales practices under the new scheme that allows people to choose their Mandatory Provident Fund service provider, a legislator warns. Accountancy sector representative Kenneth Leung Kai-cheong said people needed to be on their guard as about 30,000 MPF agents tried ...

  5. Meagre return for MPF in April

    Posted May 04th 2012, 12:00am

    ... Planning, said it would not be scientific to compare the Mandatory Provident Fund's average return with that of the stock index. 'The MPF not only includes some equity [funds], it also has bonds and fixed assets,' Tang said. The MPF's bond funds showed a monthly gain of 0.69 per cent, compared with 0.27 per cent for equity funds, according to data provider Lipper. Equity ...

  6. Not-so-super superfund

    Posted Jul 11th 2011, 12:00am

    ... Jasper Moiseiwitsch Glenn Rogers, a managing director at a mid-sized publishing firm, is angry about the Mandatory Provident Fund (MPF). For a start, he says he cannot even get basic ... not get an answer.' His voice rising, he adds: 'If you asked me how much money I have in my MPF, what I expect it to be, who is managing my money, I would not be able to tell you... ...

  7. Business - Money - MPF REFORM

    Battle on to lure Hong Kong MPF switchers

    Posted Nov 01st 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com MPF providers use tactics including ice cream vans and smartphone apps in early skirmishes aimed at increasing their share of the market Battle begins to lure ... The MPF requires workers and employers to each pay 5 per cent of salary, up to a combined HK$2,500 a month, to MPF schemes run by banks, insurers and fund companies. Since the MPF was set up ...

  8. Keeping people informed is crucial

    Posted Mar 30th 2011, 12:00am by Chris Davis

    ... Chris Davis Lively debate that keeps Mandatory Provident Fund (MPF) issues in the public domain are constructive, but the benefits of the long-term financial planning scheme need to be highlighted, according to prominent retirement fund manager RCM. 'One of the reasons MPF was introduced was to address the lack of awareness about the need for long-term retirement planning,' ...

  9. Comment - Insight & Opinion - JAKE'S VIEW

    MPF chief seems determined to be an enemy of the people

    Posted Nov 04th 2012, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp 'Reform' a cruel joke that continues to feather nests of bosses and big fund managers MPF chief seems determined to be an enemy of the people "The MPF ... their providers and make it so they could transfer at any time would effectively change the whole structure of the MPF into an employee scheme." Diana Chan Tong Chee-ching, Mandatory Provident Fund ...

  10. Business - Money - MPF

    Complaints over fees and poor MPF service

    Posted Nov 12th 2012, 12:00am by Enoch Yiu

    ... to the liberalisation with ambivalence. People definitely want the freedom to move and, in particular, to push back on perceived poor service from their current MPF providers. But investors also complain ... (employer-selected) fund providers. In October, the Consumer Council highlighted MPF fund providers' high fees and low returns. "I will definitely shift my provider, as the service is so poor," ...




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