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  • April 19, 2014
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  1. 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, ...

  2. Manulife follows rivals in slashing MPF fees

    Posted Sep 29th 2007, 12:00am by Staff Reporter

    ... for their most conservative investment options. More MPF providers, including HSBC, were expected to follow suit, market watchers said. Starting next week, the management fee for Manulife MPF Capital Preservation Fund (CPF) will be lowered by 0.5 percentage point to 1.75 per cent while the fee for its Manulife MPF Interest Fund would be reduced 0.25 percentage point to 2 per cent. The company ...

  3. Business - Money - MPF REFORM

    Warning on unscrupulous MPF pitches

    Posted Nov 01st 2012, 12:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Warning on unscrupulous MPF sales pitches Hongkongers should guard against unscrupulous sales practices under the new scheme that allows people to choose their Mandatory Provident Fund service provider, a legislator warns. Accountancy sector representative Kenneth Leung Kai-cheong said people needed to be on their guard as about 30,000 MPF agents tried ...

  4. Business - Money - PENSIONS

    Insurers claim victory in fight for workers switching MPF providers

    Posted Jan 28th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The sales forces of the insurance companies appear to be winning against the banks after MPF rule changes Insurers claim victory in fight for MPF switchers ... chosen to switch their providers. Other insurers such as Manulife and AXA China Region also have seen growth in their MPF business over the past two months. Manulife did not give number but said ...

  5. 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 ...

  6. 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 ...

  7. Comment - Insight & Opinion

    Hong Kong workers deserve MPF revamp

    Posted Nov 29th 2012, 12:00am by SCMP Editorial

    ... SCMP Editorial Workers deserve MPF revamp Much has been said about the problems with the city's Mandatory Provident Fund scheme- low returns, high management fees, a lack ... passed since the scheme was started and it's doubtful most people will have enough funds to retire with dignity. A consultancy report released by the MPF Authority seems to have confirmed ...

  8. Business - Money - MPF REFORM

    Battle on to lure Hong Kong MPF switchers

    Posted Nov 01st 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com MPF providers use tactics including ice cream vans and smartphone apps in early skirmishes aimed at increasing their share of the market Battle begins to lure ... The MPF requires workers and employers to each pay 5 per cent of salary, up to a combined HK$2,500 a month, to MPF schemes run by banks, insurers and fund companies. Since the MPF was set up ...

  9. Business - Money - MPF

    MPF funds: a chooser's guide

    Posted Nov 26th 2012, 12:00am by Nicky Burridge

    ... Nicky Burridge moneypost@scmp.com Making the right MPF choices is even harder if you don't know the jargon. Nicky Burridge offers a guide for novices Coming to terms New rules enabling members of Hong Kong's Mandatory Provident Fund (MPF) to transfer their contributions to a provider of their choice have increased the range of funds. But with more than 460 from ...

  10. Business - Money - PENSION FUNDS

    MPFs report lower returns, despite hot money inflow

    Posted Dec 05th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com MPF growth flags, despite hot money The city's Mandatory Provident Fund (MPF) reported lower returns in the past two months, although hot money inflow, ... this period. Mixed-asset funds, which invest in a combination of bonds and stocks and are the most popular fund choice representing almost half of all MPF assets, returned 1.18 per cent in November ...




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