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  • September 19, 2014
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Results 1 - 10 of 11 for mpf

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  1. Comment - Insight & Opinion

    Fixing the MPF

    Posted Jan 24th 2013, 12:00am by Chua Hoi-Wai

    ... Chua Hoi-Wai Chua Hoi-wai says the high fees of the MPF service providers must be cut, and there are plenty of ways to make that happen. But will the government take the bold steps ... funds, the establishment of a default low-fee fund and a non-profit or low-profit operator. The study, as with a similar report by the Consumer Council, found that different MPF service providers ...

  2. 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, ...

  3. 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 ...

  4. MPF loss averaged 8.4pc last year

    Posted Jan 05th 2012, 12:00am

    ... Their investments lost an average of 8.41 per cent last year. It was the second-worst performance since the launch of the scheme in 2000; in 2008 the global financial crisis saw MPF funds plunge an average of 26 per cent. The 423 MPF investment funds rose an average of 7.19 per cent in 2010 and gained 25.89 per cent in 2009. The loss last year saw the compulsory retirement scheme's total ...

  5. Business - Comment - WHITE COLLAR

    Put a thinking cap on to keep a lid on pension fund fees

    Posted Feb 19th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Letting employees have a say in their MPF provider hasn't worked to bring down charges Put a thinking cap on to keep a lid on pension fund fees When employees were allowed in November last year to begin choosing their own MPF pension providers, many believed it would lead to lower management fees. But, instead, the charges rose last month. ...

  6. Smart Money

    Posted Jul 11th 2011, 12:00am

    ... the self-employed and industry practitioners. Most usefully the site offers a breakdown on fees on all MPF-eligible funds. It's easy to use and comprehensive, and brings much-needed clarity and information to the sprawling MPF regime. There's even a Youth Corner for youngsters wanting to learn about their eventual retirement. mpfexpress.com Claiming to be a one-stop resource for all ...

  7. Pension boss wants to give employees choice

    Posted May 16th 2007, 12:00am by Enoch Yiu

    ... Lee Yeh-kwong last month. 'The average management fee of the MPF is about 2 per cent, which is reasonable at the fund size of about HK$200 billion,' he said. 'However, when the total MPF reaches HK$1 trillion or HK$2 trillion, the management fee should be lower, otherwise the 19 trustees will enjoy an excessive profit.' Mr Fan said that since bosses were allowed ...

  8. Saving for the future

    Posted Jan 21st 2008, 12:00am by Sophie Paine

    ... statement online, the amount you earned is slightly lower than the one your boss told you. What's going on? The difference is due to your MPF contribution. But, you are still young, why should ... will grow, either through interest or by capital gains. The amount you save for retirement, in the MPF scheme for example, is constantly reinvested, so it keeps growing. Do you remember compound ...

  9. News - Hong Kong

    Long fight over how to provide for Hong Kong's elderly

    Posted Nov 08th 2012, 12:00am by Colleen Lee

    ... protection: private savings, the Mandatory Provident Fund (MPF) and social security, which includes comprehensive social security assistance (CSSA), the token old-age allowance, or "fruit ... to convince people to contribute more." Law, an associate professor in HKU's department of social work and social administration, said: "The universal pension and MPF schemes ...

  10. Dreams of early retirement begin to fade

    Posted Oct 24th 2009, 12:00am by John Cremer

    ... individual savings. More recently, of course, there has also been the MPF. But few would claim the proceeds from this scheme could provide for someone's full financial needs through a lengthy ... 'Personally, I believe the government [should also] review the percentage and maximum amount of MPF contributions from both employers and employees.' ...




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