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  • August 21, 2014
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  1. Red tape can leave job-switchers with little cash in MPF accounts

    Posted Oct 25th 2010, 12:00am by Anita Lam

    ... in the system had cost many workers their life savings. Transferring an MPF account to a new fund trustee, for example, requires such complex procedures that many workers are deterred. 'I have heard of some workers who have up to 10 MPF accounts, and with each charging management fees the expenses are huge,' said Ip Wai-ming, a legislator for the union. Among the seven leading ...

  2. Making your money work

    Posted Jul 12th 2010, 12:00am by Staff Reporter

    ... Review your contributions regularly- the best time is when your plan manager sends you statements. About one in five employees has not given instructions to their MPF provider- this likely ... young and middle-aged employees. Don't try timing the market- think of any MPF investments for the long term. When the market is down, remember any losses are only on paper- any new ...

  3. HSBC helps teach staff to pick the right MPF fund

    Posted Jun 30th 2012, 12:00am

    ... Darius Musni Mandatory Provident Fund (MPF) providers, like human resources managers, are confronted by the generational challenge in the workplace. Accordingly, they are adapting ... employees' retirement fund through voluntary and additional MPF contributions is one of the best ways to guarantee financial security after the inevitable retirement. Voluntary contributions ...

  4. Calls for cut in MPF fees

    Posted Sep 13th 2011, 12:00am

    ... The issue of fees charged by managers of the Mandatory Provident Fund (MPF) will not go away easily. Hong Kong's general public has roundly criticised the high fees charged by fund ... hopes that fees will drop further for the city's 2.5 million MPF members. Chan told legislators in June that he 'believes there is still room for cutting MPF management fees' ...

  5. MPF proposal to help seriously ill

    Posted Jul 20th 2011, 12:00am

    ... Schemes Authority, has come up with an even bolder idea to reform MPF- she suggests establishing a public MPF trustee to run the fund. A public trustee fund would help drive down management fees of MPF products, which at present are in the hands of private banks and investment institutes. Wu stressed this was just her personal suggestion. She told the South China Morning Post ...

  6. Originally totally ill-conceived, MPF is now just one big rip-off

    Posted May 13th 2010, 12:00am by Jake Van Der Kamp

    ... adjustments to the MPF scheme... are being considered. SCMP, May 12 You know the line about 'can't see the forest for the trees'. Unfortunately, it connotes too widespread a view ... that this and a HK$5 credit on your Octopus card will get you a HK$5 ride on the bus? And now let us talk about the forest. The bureaucrats who conceived the MPF scheme 10 years ago unfortunately had the wool ...

  7. Only major surgery can save ailing MPF

    Posted Apr 04th 2011, 12:00am

    ... to deposit HK$6,000 in each person's MPF account was announced, it was greeted with hoots of derision. Presumably- hopefully- someone in the Financial Services and the Treasury Bureau is asking themselves why that was the case and is drawing up a policy paper to repair the situation. The MPF scheme was introduced a decade ago to provide for working people after retirement. Today, we can see ...

  8. Authority urged to collect MPF contributions

    Posted Jan 14th 2009, 12:00am by Agnes Lam

    ... Agnes Lam A major workers' union has called on the Mandatory Provident Fund Schemes Authority to collect MPF contributions to ensure employers do not default on their share of the payment, as is happening now. Legislator Ip Wai-ming, who is also a senior secretary of the Federation of Trade Unions, said many employers had managed to avoid contributing to workers' MPF ...

  9. MPF failing to deliver, says authority chief

    Posted Nov 30th 2010, 12:00am by Martin Wong

    ... 10 years ago tomorrow, delivered by MPF Authority head Anna Wu Hung-yuk. She said yesterday: 'Demand for a universal pension system has become overwhelming in recent years. 'The MPF ... on the MPF role.' Wu said retirement benefits were also being reduced by an arrangement that allows severance and long-service payments to be offset against MPF benefits when an employee ...

  10. Tax breaks can boost the MPF

    Posted Nov 12th 2010, 12:00am by Andrea Li

    ... Superannuation programme have been shown to mirror best the evolution of Hong Kong's MPF system. 'The pace of development is quite similar,' Bonnie Tse, senior vice-president and managing ...




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