• Sun
  • Dec 21, 2014
  • Updated: 6:45am

Management Fee

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

Legislator Chan Kin-por

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.

Tuesday, 19 February, 2013, 4:57am

Legco support for plans to cut back on MPF charges

The MPF covers 2.5 million workers in Hong Kong.

Most lawmakers support the pension regulator's plan to bring in measures to cut management fees for the Mandatory Provident Fund (MPF).

8 Jan 2013 - 4:21am

MPF should be in the workers' hands

The MPF is structured to benefit the funds management industry. Photo: Edward Wong

The Consumer Council found huge variations in management fees with the MPF fund expense ratio (FER) - fees and charges as a percentage of the total fund size - ranging from 0.17 per cent to 4.62 per cent.

SCMP, October 16

18 Oct 2012 - 4:47am 3 comments

Regulator to seek new ways to cut MPF fees

The city's pension fund regulator will make suggestions, including the wider use of online services and simplifying procedures, to cut the management fees of Mandatory Provident Fund accounts.

The recommendations will be listed in a consultation document to be released by the Mandatory Provident Fund Schemes Authority in the fourth quarter of this year.

22 Jun 2012 - 12:00am

Over the hedge

Hedge funds are under the spotlight for the wrong reasons.

Since the collapse of Bernard Madoff's US$50 billion Ponzi scheme in December 2008, which showcased the risks of these complex, opaque trading vehicles, there has been a slew of further scandals.

28 Nov 2011 - 12:00am

We paid late fees, says Link Management

The Link Management said it has paid off HK$10 million in management fees for July and August it owes the Housing Authority. The company, which owns 180 shopping centres and car parks on public housing estates, said in a letter to the Legislative Council that its failure to make the payment occurred because of delayed administrative procedures.

26 Sep 2009 - 12:00am

Expensive

Thank you for the great Sunday Morning Post piece on November 26, headlined, 'Disharmony in Disco Bay'.

The extensive interview with City Management general manager Edward Chan provides a lot of fodder for me to take issue with, but I'll concentrate on two issues: the management fees and the ferry fares in Discovery Bay.

3 Dec 2000 - 12:00am

Home owners say they want freeze on fees

Most residents of Home Ownership Scheme flats want the Housing Authority to freeze management fees, according to a Democratic Party poll.

The party sent out 600 questionnaires and received 377 replies.

2 Feb 1998 - 12:00am

Government plans cuts to fees

The mainland will slash management and handling fees on 22 items from next year to aid enterprises, the People's Daily said yesterday. The State Planning Commission and the Ministry of Finance jointly announced that cuts of an average of 35 per cent on the first batch of 22 items would start from January 1.

20 Dec 1997 - 12:00am

New Mercury service targets wealthy clients

A FUND management service for investors with a minimum of US$250,000 has been launched by Mercury Asset Management, the group with more than $100 billion under management.

The Offshore Managed Fund Service will aim to have fund performance in the top half of a chosen sector continuously.

If Mercury's own performance is lagging, then it will use third-party funds.

2 Jun 1996 - 12:00am

London property prospers

INVESTING in prime London residential property should provide an annual yield of up to 7 per cent and offer the prospect of capital growth, the director of a UK investment company claims.

Paul Groves, of Prime Invest (London), said flats in prestigious areas such as Kensington, Chelsea and Fulham have managed to defy the slump in UK housing.

10 Dec 1995 - 12:00am

How to lose clients' money and stay on top

WHEN it comes to fund management, Jardine Fleming dominates the territory. It says it is the biggest and it says it is the best.

Just for good measure, it generally says it's the brightest and the bravest as well.

With that in mind, we were fascinated to receive a summary of Jardine Fleming's investment companies' performance for the year to August.

20 Sep 1995 - 12:00am

Telecom's backhand has Cable on the run

DIRECTORS do it, chairmen do it and companies do it. It saves countless reputations, ruins plenty of innocent bystanders and is called 'Passing the Buck'.

13 Jun 1995 - 12:00am

The rebate and soft commissions debate

I HAVE been following this topic with interest and would like to add to your articles.

I am a financial adviser who recommends unit trust and mutual fund investments to my clients.

29 Jul 1994 - 12:00am