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  • September 20, 2014
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  1. 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 ...

  2. Call for MPF tax breaks

    Posted Jan 10th 2012, 12:00am

    ... The equity market downturn in the fourth quarter of last year has had a negative effect on the Mandatory Provident Fund (MPF) in Hong Kong, with a survey showing that Hongkongers feel ... the retirement funds of the 2.5 million Hong Kong employees in the MPF. Their investments lost an average of 8.41 per cent in that time. It was the second-worst performance since the launch of the scheme ...

  3. Enjoy life by saving today

    Posted Jun 26th 2012, 12:00am

    ... employees, younger workers save up for retirement by contributing to the Mandatory Provident Fund (MPF) and have the option to make additional contributions voluntarily. They can ask their employer to deduct the extra amount from their salary or instruct their bank to transfer the sum from their personal account to their MPF account. Some employers have set up employee benefits programmes, ...

  4. 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 ...

  5. 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... ...

  6. Tax breaks and other incentives will drive up voluntary payments

    Posted Dec 15th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Nine years after the government introduced the Mandatory Provident Fund (MPF), the jury is still out on whether it has been successful in helping Hong Kong's workforce save ... since it was launched in December 2000. This is a good coverage rate. Recent investment returns have also been impressive. The MPF has been in positive territory for nine straight months up ...

  7. Government should prepare now for MPF rule change

    Posted Apr 27th 2010, 12:00am by Enoch Yiu

    ... the bosses decides who manages the total HK$300 billion worth of MPF contributions. Anticipating the law change, MPF providers including HSBC and RCM have launched funds offering higher returns. Many ... is the responsibility of salespeople to explain to employees the cost and risks related to changing MPF providers? With MPF providers offering more high-return, higher-risk products do employees understand ...

  8. quiztime

    Posted Jan 21st 2008, 12:00am by Staff Reporter

    ... Pick the right answer 1 MPF stands for: a) Mandatory Pension Fund b) Mandatory Provident Fund c) Minimum Pension Fund 2 The MPF is only for people working full time a) true b) false 3 You can contribute more to the MPF by making voluntary contributions a) true b) false 4 The employer chooses the funds in which you invest your MPF contributions a) true b) false Investment ...

  9. Surprise, anger over another costly delay to MPF reforms

    Posted Oct 05th 2010, 12:00am by Enoch Yiu

    ... holders is a big disappointment. There was both surprise and anger over the delay that would have allowed workers to pick their MPF provider. That hopefully would have introduced more competitive ... the government figures out ways to provide more protection for consumers. Currently, MPF providers are chosen by employers. Undersecretary for Financial Services and the Treasury Julia Leung Fung-yee ...

  10. Small step for MPF

    Posted Feb 07th 2012, 12:00am

    ... Hongkongers who have for years asked for greater tax deductions for Mandatory Provident Fund (MPF) contributions found some relief in the budget presented by Financial Secretary John Tsang Chun-wah. Tsang increased maximum tax deductions for those paying into the MPF from HK$12,000 to HK$15,000. A number of organisations and MPF experts have said it was a small step in the right ...




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