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  1. 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 ...

    http://www.scmp.com/article/482156/milestones-mpf-scheme
  2. Comment - Insight & Opinion

    Talking points

    Posted Aug 13th 2014, 04:19am by STAFF

    ... the killings. He was convicted and sentenced to life in jail in June 2012, but the conviction was overturned. He now faces a retrial.   Think tank focuses on MPF proposals The Bauhinia Foundation Research Centre hosts a discussion on a proposal to set up core funds within the Mandatory Provident Fund (MPF) system to give better protection for the less well-off. Participants will also ...

    http://www.scmp.com/comment/insight-opinion/article/1572313/talking-points
  3. News - Hong Kong - POLICY ADDRESS

    Lam convinced Leung to shelve plan to scrap MPF 'offsetting' mechanism: source

    Posted Jan 23rd 2014, 03:23am by Tanna Chong, Jeffie Lam and Gary Cheung

    ... offset severance and long-service payments to employees against their contributions to an employee's MPF. Labour minister Matthew Cheung Kin-chung said last week that the offsetting mechanism was included in a deal with employers, agreed to by employee representatives, to secure business leaders' agreement to establishing the MPF in 2003. Treasury minister Professor Chan ...

    http://www.scmp.com/news/hong-kong/article/1411402/lam-convinced-leung-shelve-plan-scrap-mpf-offsetting-mechanism-source
  4. Business - Comment - WHITE COLLAR

    Time to stop bosses dipping their fingers into the MPF

    Posted Jan 29th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Unfair rules still allow companies to make redundancy payments from MPF contributions Time to stop bosses dipping fingers into MPF The government has finally ... the MPF, for the simple reason that the scheme from the beginning was designed in a way that gave the bosses more say than the workers. The MPF requires the employer and the employee to each ...

    http://www.scmp.com/business/article/1138260/time-stop-bosses-dipping-their-fingers-mpf
  5. 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
  6. Investment fund seen as taxation

    Posted Oct 27th 2011, 12:00am

    ... Chris Davis In spite of being labelled a cornerstone of retirement savings in Hong Kong, voluntary contributions to the Mandatory Provident Fund (MPF) remain relatively low. Unlike Singapore and Australia, where the equivalent of the MPF has become part of the overall savings landscape among employees and employers, many employees in Hong Kong consider the MPF another form ...

    http://www.scmp.com/article/983022/investment-fund-seen-taxation
  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

    Legco support for plans to cut back on MPF charges

    Posted Jan 08th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Greater use of electronic payments and a cap on fees among suggestions raised by authority Legco support for plans to cut back on MPF charges Most lawmakers support the pension regulator's plan to bring in measures to cut management fees for the Mandatory Provident Fund (MPF). During the monthly meeting of the Legislative Council's financial ...

    http://www.scmp.com/business/money/markets-investing/article/1122441/legco-support-plans-cut-back-mpf-charges
  9. News - Hong Kong - PENSIONS

    Labour advisory panel backs MPF changes

    Posted Jan 17th 2013, 12:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Panel supports move that will put more money into 70,000 low income earners' pockets, but the higher earners will have to contribute more New Mpf Levels win Backing of board A government advisory body has backed a plan that would save 70,000 low-income people from having to contribute to their MPF accounts while 400,000 would have to pay more. ...

    http://www.scmp.com/news/hong-kong/article/1129621/labour-advisory-panel-backs-mpf-changes
  10. News - Hong Kong - MPF

    Reduce service fees on MPF products, watchdog urges

    Posted Oct 17th 2012, 01:33pm by Stuart Lau

    ... the increased use of electronic services, which has effectively lowered administrative costs, it is time service providers consider lowering the costs they charge for MPF products,” said Consumer ... their high charges and poor returns on investments. The report said the management fees of some MPF are 26 times higher than others. Lau said one idea to consider is linking administrative charges ...

    http://www.scmp.com/news/hong-kong/article/1063163/reduce-service-fees-mpf-products-watchdog-urges

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