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  • October 21, 2014
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  1. 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
  2. Lagging behind

    Posted Jul 12th 2010, 12:00am by Chris Davis

    ... Chris Davis Education and planning are two of the fundamental principles MPF contributors need to recognise in setting investment goals as an effective part of their retirement strategy. Surveys conducted by various groups, including MPF scheme providers, consistently reveal that Hong Kong's working population significantly lags behind other mature markets in terms ...

    http://www.scmp.com/article/719448/lagging-behind
  3. 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
  4. Comment - Insight & Opinion

    Above all, retirement scheme for Hong Kong must be fair and affordable

    Posted Sep 09th 2014, 02:15pm by DAVID LUI

    ... Retirement Schemes Ordinance cover only those in employment, not those without jobs or in temporary work. The MPF scheme was implemented in December 2000 and the average amount collected by retiring members is about HK$250,000. Yet hundreds of thousands of low-income earners have received much less; some have been further hit because employers can offset any severance pay with accrued MPF ...

    http://www.scmp.com/comment/article/1588545/above-all-retirement-scheme-hong-kong-must-be-fair-and-affordable
  5. Business - Banking & Finance - REGULATION

    Hong Kong lawmakers urge financial reforms must move faster

    Posted Jan 30th 2014, 05:01am by Enoch Yiu

    ... to improve the MPF. "The MPF management fee remains high. At the moment, employees can only shift their own contribution to other providers and not the part contributed by their employers. We ... The government should also change the law to ban employers from using their MPF contributions to offset long-service or severance payments- a move that many critics said eroded the retirement benefit ...

    http://www.scmp.com/business/banking-finance/article/1417009/hong-kong-lawmakers-urge-financial-reforms-must-move-faster
  6. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1134543/fixing-mpf
  7. Business - Money - POINT OF LAW

    Employee choice changes the face of Hong Kong's MPF

    Posted Nov 07th 2012, 12:00am by CYNTHIA CHUNG

    ... Cynthia Chung Cynthia Chung, a partner at Deacons, discusses implications of changes to the pension scheme Employee choice changes the face of Hong Kong's MPF The long-awaited employee-choice arrangement (ECA) for Hong Kong's mandatory provident funds took effect on November 1, 2012. What happened to MPF contributions before the ECA? Since the implementation of the MPF ...

    http://www.scmp.com/business/money/markets-investing/article/1076408/employee-choice-changes-face-hong-kongs-mpf
  8. 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
  9. News - Hong Kong - PENSION SCHEME

    Business sector gives resounding 'no' to MPF offsetting clause

    Posted Feb 10th 2014, 10:06am by Tanna Chong, Jeffie Lam and Tony Cheung

    ... promise 'No deal' on ending loophole in MPF Despite unionists’ possible concessions on the timing of their demand to see the Mandatory Provident Fund’s “offsetting” mechanism ditched, ... allows employers to offset severance payouts and long-service pay with their contributions to the employees’ MPF accounts – from the policy address last month. But the employers remained ...

    http://www.scmp.com/news/hong-kong/article/1425107/business-sector-gives-resounding-no-mpf-offsetting-clause
  10. Comment - Letters

    Letters to the Editor, August 25, 2014

    Posted Aug 25th 2014, 02:46am by LETTERS

    ...   Using iBonds a safe option for MPF Authority The core fund initiative unveiled by the Mandatory Provident Fund Authority suggests a low-cost life cycle portfolio as a default arrangement in the MPF system, but it has two fatal problems. First, it fails to ensure product suitability for every employee. Second, there is no guarantee it will not suffer from losses at age 65. Since ...

    http://www.scmp.com/comment/letters/article/1580460/letters-editor-august-25-2014

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