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.
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.Tuesday, 4 November, 2014, 9:52am
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
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
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
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, 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
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
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
The city's pension regulator has cut down its headcount and may move to a cheaper location after a lawmaker criticised the high cost of its operations.10 Jul 2014 - 6:39am
Hong Kong's pension regulator has finally come out with its proposal for a cap on management fees on core funds to serve employees who have not chosen what do with their MPF contributions.1 Jul 2014 - 6:51am 1 comment
The need to save for retirement is never too far away in a city like Hong Kong that offers little support. The lack of a universal pension system and steep living costs mean only the well-prepared can enjoy a decent retirement life.30 Jun 2014 - 9:20am 1 comment
All Mandatory Provident Fund schemes must introduce a low-fee core fund from 2016 for employees who do not know which fund to choose for their pension contributions.25 Jun 2014 - 2:37am
Hong Kong's mandatory provident fund scheme should not be hastily done away with, the financial secretary says, although he concedes the system has failed to give low-paid workers and the unemployed enough retirement protection.26 May 2014 - 7:42am 14 comments
A global economic recovery means pension-fund savers in Hong Kong can expect end-of-year gains in their equity holdings despite lacklustre performance by the Mandatory Provident Fund last month, said analysts.6 May 2014 - 12:42am