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  1. In Brief

    Posted Apr 05th 2007, 12:00am by Staff Reporter

    ... MPF funds recovered The Mandatory Provident Fund Schemes Authority has helped 22 workers recover about HK$250,000 in MPF payments by nine employers. The Small Claims Tribunal ordered the companies to pay between HK$1,173 and HK$73,306 into their workers' MPF accounts. ...

    http://www.scmp.com/article/587835/brief
  2. 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 ...

    http://www.scmp.com/article/598088/employees-deserve-more-control-over-who-manages-mpf-funds
  3. Business - Companies - WHITE COLLAR

    Scrap the MPF offset, which favours bosses unfairly

    Posted Mar 10th 2014, 02:13pm by Enoch Yiu

    ... Enoch Yiu Offset mechanism, which favours bosses over their staff, is a source of criticism of the scheme For sake of workers, scrap MPF offset On March 18, Hong Kong's lawmakers ... The offset mechanism is a prime example of how the MPF was set up to favour bosses over their staff. This is why so many of the 2.4 million Hong Kong employees covered by the MPF have little love ...

    http://www.scmp.com/business/companies/article/1445213/scrap-mpf-offset-which-favours-bosses-unfairly
  4. Business - Money - FUNDS

    MPF returns to black in February on equities rebound

    Posted Mar 05th 2014, 01:38am by Enoch Yiu

    ... Encoh Yiu enoch.yiu@scmp.com Hong Kong pension fund reports 2.25pc average return last month after 2.43pc loss in January MPF returns to black on equities rebound The city's Mandatory Provident Fund is back in the black after reporting an average return of 2.25 per cent last month, thanks to a rebound in regional stock markets. This came after the MPF suffered an average loss ...

    http://www.scmp.com/business/money/article/1440465/mpf-returns-black-february-equities-rebound
  5. 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 ...

    http://www.scmp.com/business/money/investment-products/article/1429490/big-players-unlikely-heed-welcome-move-smallest
  6. News - Hong Kong - POLICY ADDRESS

    No plans to scrap MPF 'offsetting' mechanism, says Leung Chun-ying

    Posted Jan 17th 2014, 12:52pm by Tony Cheung and Jennifer Ngo

    ... Tony Cheung and Jennifer Ngo Chief Executive still weighing up action on employers' use of retirement fund for severance No plans to scrap controversial MPF 'offsetting' ... MPF, the city's compulsory retirement account. Speaking separately, labour minister Matthew Cheung Kin-chung said that when the MPF was established in 2003, a deal was made with employers ...

    http://www.scmp.com/news/hong-kong/article/1407582/no-plans-scrap-mpf-offsetting-mechanism-says-leung-chun-ying
  7. News - Hong Kong - RETIREMENT

    Bosses 'using workers' MPF accounts like piggy banks', say unionists

    Posted Jan 06th 2014, 04:02am by Ernest Kao

    ... bosses use MPF like a piggy bank Unionists say bosses are treating workers' compulsory retirement savings accounts like a "piggy bank" by dipping into them to fund severance ... is unfair and is ruining the image of and trust in the [MPF] system," said Federation of Trade Unions lawmaker Tang Ka-piu. "Our concern is that if [the administration] cannot suggest any ...

    http://www.scmp.com/news/hong-kong/article/1398515/bosses-using-workers-mpf-accounts-piggy-banks-say-unionists
  8. Business - Money - PENSIONS

    Market sell-down leaves MPF funds in the red

    Posted Jun 05th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Pension scheme slips 0.87 per cent in May as stocks in Japan and emerging economies drop Market sell-down leaves MPF funds in the red The Mandatory Provident ... reported an average month-on-month loss of 0.87 per cent after a gain of 1.9 per cent in April, according to data provider Lipper. For the first five months of the year, the MPF recorded an average ...

    http://www.scmp.com/business/money/markets-investing/article/1253640/market-sell-down-leaves-mpf-funds-red
  9. Business - Money - INVESTMENT

    MPF drops for a second month, erases January gains

    Posted Apr 03rd 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Retirement scheme's funds fail to build on last year's performance, with recent declines reflecting nervousness over global economy MPF loses money ... a good chunk of the 2.61 per cent gains in January. With the March performance, the first-quarter MPF returns stand at a modest 1.74 per cent. It follows strong gains averaging 12.07 per cent ...

    http://www.scmp.com/business/money/markets-investing/article/1205800/mpf-loses-money-second-month
  10. Business - Money - FUNDS

    MPF returns of 1.18 pc slowest in three months, trailing HSI's 3pc

    Posted Dec 04th 2013, 05:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com MPF schemes show slowest growth in three months Investment funds in the Mandatory Provident Fund scheme, which covers 2.4 million employees in the city, reported their slowest growth in three months last month, with returns trailing the performance of the benchmark Hang Seng Index. The 456 MPF funds reported an average return of 1.18 per cent last ...

    http://www.scmp.com/business/money/markets-investing/article/1372264/mpf-returns-118-pc-slowest-three-months-trailing

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