MPF Schemes Authority

Fixing the MPF

Illustration: Craig Stephens

Hong Kong workers have long complained that they are paying unnecessarily high fees and charges on their Mandatory Provident Fund savings.

Thursday, 24 January, 2013, 2:40am

Giving workers full choice over MPF only solution

Anna Wu Hung-yuk. Photo: Edward Wong

The whole point about the Mandatory Provident Fund scandal is that the MPF never at any time relied on market forces to set fee levels.

29 Nov 2012 - 4:53am 3 comments

MPF regulator moves to slash pension fees

Wu Hung-yuk and John Poon, of the Mandatory Provident Fund Schemes Authority outline cost-cutting measures for MPF providers. Photo: Edward Wong

Operators of MPF pension schemes could be asked to slash administrative fees for all their funds, under reforms proposed by the pension regulator on Monday. 

26 Nov 2012 - 9:10pm

Battle on to lure Hong Kong MPF switchers

People queue for free ice creams at the ING van in Causeway Bay. The van was an MPF promotion for the bank. Photo: SCMP

Free ice cream, smartphone software applications and reduced fees are weapons the city's 19 Mandatory Provident Fund providers are using to lure HK$257.5 billion in workers' pension contributions.

1 Nov 2012 - 4:48am

Warning on unscrupulous MPF pitches

Kenneth Leung Kai-cheong

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 to attract business under the new arrangement.

1 Nov 2012 - 4:48am

What the local media says

Bruce Lee's former Kowloon Tong home. Photo: Felix Wong

Sunday, Apple Daily

Shenzhen retailers keep yuan low to draw HK customers

27 Oct 2012 - 3:14am

Warning over public trust role for Hong Kong's retirement scheme

Anna Wu says there needs to be other policies on retirement.

The regulator of the Mandatory Provident Fund scheme is warning of problems if the government steps in to administer workers' retirement savings.

21 Oct 2012 - 4:19am 2 comments

Fund provident in name but certainly not in practice

Managing director Diana Chan said that when the MPF started 12 years ago, fees were high because the fund was small. Photo: Felix Wong

"Hong Kong is a free market. However, if free market competition pressure cannot bring fees down we have to consider adding a cap."

Diana Chan Tong Chee-ching, MPF Schemes Authority, SCMP, October 19

21 Oct 2012 - 1:39am 3 comments