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
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
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 1618 Oct 2012 - 4:47am 3 comments
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
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
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
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
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
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
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