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  • September 19, 2014
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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. ...

  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. Milestones of the MPF scheme

    Posted Dec 15th 2004, 12:00am by Lotte Pang

    ... Lotte Pang 1995 Study into Mandatory Provident Fund (MPF) conducted by a government-appointed consulting firm and release of a consultancy report in April. The Mandatory Provident Fund Scheme Ordinance is enacted in August. 1998 The Mandatory Provident Fund Authority (MPFA) is established in September to regulate and monitor the operation of the MPF scheme. 1999 Subsidiary ...

  4. News - Hong Kong - RETIREMENT

    Rules in place to ensure clean switch of MPF funds

    Posted Oct 10th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Pension fund watchdog says everything is in place to prevent unfair practices if workers decide to shift their funds to new providers Rules to ensure clean mpf ... The 32,000 salespeople employed by MPF providers would be encouraging people to shift to their schemes, said Alice Law Shing-mui, executive director of the Mandatory Provident Fund Schemes Authority ...

  5. Employers tap HK$12b from MPF

    Posted Mar 04th 2010, 12:00am by Paggie Leung

    ... Paggie Leung Employers have taken out more than HK$12 billion from employees' MPF accounts to make severance and long service payments, legislators were told yesterday. The revelation ... use the accrued benefits derived from its MPF contributions to offset severance or long-service payments. 'This twists the policy objective of the MPF scheme, which aims to provide ...

  6. Corrections & clarifications

    Posted Jul 10th 2006, 12:00am by Staff Reporter

    ... In some editions on Saturday, the report 'MPF posts annual return of 6.99pc' on Page 1 wrongly described some Mandatory Provident Fund sectoral funds' cumulative returns as average annual returns. ...

  7. News - Hong Kong

    MPF only retirement savings for 41.5pc of Hongkongers

    Posted Nov 07th 2012, 01:27pm by Phila Siu

    ... their MPF accounts, said Professor Chou Kee-lee, the department’s associate head. The survey polled 1,005 people, aged 25-65, in August and September. It did not ask people how big their savings accounts were or if they had children to support them financially. People will struggle to live healthy lives in retirement if they rely only on their MPF account, Chou said. ...

  8. What's On

    Posted Nov 10th 2007, 12:00am by Staff Reporter

    ... November 13 'An Overview of the MPF system' is a workshop organised by the Hong Kong Securities Institute. The course will be of most interest to MPF (mandatory provident fund) intermediaries because it will give an overview of the MPF system, raising awareness of MPF schemes, funds and codes, and giving the latest statistics and knowledge of ways to meet the requirements ...

  9. Hardly the retirement plan of choice

    Posted Aug 17th 2005, 12:00am by Simon Patkin

    ... was the government giving in to heavy lobbying by the finance industry, implementing the ill-fated Mandatory Provident Fund (MPF). Recent reports show returns on the MPF have been averaging a woeful 4 per cent per year- less than the growth of the Hang Seng Index. Further, activist David Webb claims that up to 55 per cent of total contributions to the MPF will end up as commission payments ...

  10. Switching MPF providers too slow for most

    Posted Aug 08th 2012, 12:00am

    ... firm Gain Miles, which commissioned the survey on a new portability scheme. MPF portability will give employees the chance to transfer their part of the MPF contributions and returns ... the University of Hong Kong's public opinion programme to survey about 1,000 MPF contributors during two weeks last month. The survey was done in view of the new scheme, which takes effect ...




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