MPF | South China Morning Post
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  • Jan 29, 2015
  • Updated: 2:19pm

MPF

The Mandatory Provident Fund (MPF) is a compulsory pension fund designed by the Hong Kong government as a major protection scheme for the aged and retired residents.  Most employees and their employers are required to contribute monthly. 

Laying the nest egg

New rules explained in the Mandatory Provident Fund leaflet. Photo: May Tse

Everything you need to know about moving your pension fund, by Nicky Burridge.

Monday, 19 November, 2012, 1:34am

You can bank on knowing which master Hong Kong’s MPF watchdog serves

Hong Kong's MPF scheme is storing up plenty of headaches for workers. Photo: Bloomberg

Watchdog moves to lessen MPF risks

SCMP headline, January 26

Yes, a watchdog alright. And this watchdog, the Mandatory Provident Fund Schemes Authority, keeps a very tight watch for its masters, the big bank managers of MPF money, on any threat to their thieving high fees.

26 Jan 2015 - 8:21pm 5 comments

MPF watchdog in talks with pension chiefs on plans to lessen risks

Mandatory Provident Fund Schemes Authority said it is in advanced talks with pension providers on reform plans. Photo: Dickson Lee

An overhaul of the Mandatory Provident Fund scheme is being readied in a bid to stop 600,000 of the city's most passive pension savers being pushed into some of the most high-risk, high-cost investment schemes in the market.

26 Jan 2015 - 5:41pm 4 comments

Average MPF return just 1.5 per cent last year

Hong Kong dollar bond funds gained 3.31 per cent last year. Photo: Bloomberg

Average overall returns for Mandatory Provident Fund schemes last year stood at 1.5 per cent, the lowest in three years, according to data company Lipper.

The return was better than the Hang Seng Index's 1.3 per cent gain for the year, but the inflation rate for the first 11 months of last year was 4.4 per cent. December's inflation figure has not yet been released.

6 Jan 2015 - 1:14am

MPF schemes averaged gain of just 0.65 per cent in November

The 2.55 per cent MPF return for the first 11 months of the year compares with an inflation rate of 4.3 per cent in the first 10 months. Photo: Sam Tsang

Mandatory Provident Fund schemes performed poorly last month, with the average retirement fund gaining just 0.65 per cent from the previous month and looking set to end the year on a dismal note.

5 Dec 2014 - 2:18am 4 comments

Fragmented market's MPF mergers to be big win for workers

AIA is a key MPF player in the city, with 9.8 per cent of assets.

Consolidation of the fragmented Mandatory Provident Fund market has finally happened and it is going to be good for our employees.

11 Nov 2014 - 5:33am

MPF year-end report card looks set to disappoint

The best performers were Hong Kong equity funds, up 3.06 per cent, but even they failed to match the Hang Seng Index.

The Mandatory Provident Fund reported flat earnings of 0.46 per cent last month, trailing the Hang Seng Index, failing to keep pace with inflation and on track to produce disappointing annual results, data company Lipper said yesterday.

4 Nov 2014 - 9:52am

Champion Reit eyes easing of MPF investment curbs on trusts

Eagle Asset Management's Adrian Lee says property trusts should no longer be classified as high-risk investments. Photo: Bruce Yan

A leading Hong Kong real estate investment trust (reit) is urging authorities to ease restrictions on Mandatory Provident Fund investments in the trusts.

22 Oct 2014 - 4:51am

New proposal to allow terminal patients to withdraw MPF funds - only one year before death

Proposed changes to the MPF ordinance would allow terminally ill people to withdraw their money upon providing medical documents showing they have only a year to live.

Dying people should be able to withdraw their Mandatory Provident Fund savings more than 12 months before their projected death, the government has been told.

Proposed changes to the MPF ordinance would allow terminally ill people to withdraw their money upon providing medical documents showing they have only a year to live.

8 Oct 2014 - 4:15am 1 comment

MPF scheme losses top 3pc for last month amid share sell-off

Occupy Central protests had a damaging impact on Hong Kong shares in September. Photo: EPA

6 Oct 2014 - 4:39pm

MPF core fund should have only one operator

A robust and low-cost pension fund is crucial to ensure people in Hong Kong are catered for in their old age. Photo: Bloomberg

With the Mandatory Provident Fund Schemes Authority gaining public support for a low-fee "core fund", the next step is to make it work. And that means there should be only one operator of the fund.

7 Oct 2014 - 3:36am 1 comment

Core fund proposal for Hong Kong pension scheme wins wide support

The Mandatory Provident Fund Schemes Authority says about 150 submissions are mostly in support of a core fund. Photo: AFP

A proposal by the Mandatory Provident Fund Schemes Authority to require all pension providers to establish a "core fund" as a cheap and simple investment option has received support from the majority of respondents to a consultation.

29 Sep 2014 - 3:58am

AXA in talks to sell Hong Kong Mandatory Provident Fund unit

AXA was seeking about US$400 million for the Mandatory Provident Fund business. Photo: Bloomberg

AXA, France's largest insurer, is in advanced talks with bidders including Manulife Financial Corp to sell its pension fund unit in Hong Kong, said people with knowledge of the matter.

12 Sep 2014 - 8:20am

MPF disappoints with 0.63pc return

Last month's return for the MPF, which covers 2.4 million employees, was far below the inflation rate of 3.4 per cent. Photo: Robert Ng

The Mandatory Provident Fund reported a flat return of 0.63 per cent for last month, failing to even beat the inflation rate in the city and adding to pressure for the government to reform the unpopular pension scheme.

3 Sep 2014 - 5:56am

MPF reports disappointing returns in contrast to strong rally of Hang Seng Index

Lawmakers have been demanding for the government to reform the unpopular Mandatory Provident Fund scheme. Photo: SCMP

The Mandatory Provident Fund reported a return of 1.3 per cent for last month, a dismal performance compared with the Hang Seng Index and given the rising inflation in the city.

6 Aug 2014 - 2:37am

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