MPF | South China Morning Post
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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. 

Over the US fiscal cliff and out of the financial woods

MPF equity funds do not benefit much from the reviving US stock market.

When Hongkongers moan about the lousy performance of their Mandatory Provident Fund schemes, they usually focus on the ruinous fees they get charged.

Tuesday, 4 December, 2012, 4:25am 1 comment

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

Pension regulator may get more control over fees, fund choices

Secretary for Financial Services and the Treasury Professor Chan Ka-keung. Photo: Nora Tam

The government plans to seek a change in the law to give the pensions regulator more control over the fees and number of fund choices under the Mandatory Provident Fund Schemes.

28 Nov 2012 - 3:40am 1 comment

MPF Schemes Authority proposes ways to cut fees

MPF Schemes Authority proposes ways to cut fees

Hongkongers can hope for better returns on their pension-fund investments under proposals put forward by the Mandatory Provident Fund Schemes Authority which, if adopted, could see fund management fees cut by as much as HK$1.2 billion a year.

27 Nov 2012 - 3:25am

Talking points

Zhang Zhijun

Strategic dialogue for China and South Korea

26 Nov 2012 - 2:58am

MPF funds: a chooser's guide

MPF funds: a chooser's guide

New rules enabling members of Hong Kong's Mandatory Provident Fund (MPF) to transfer their contributions to a provider of their choice have increased the range of funds.

But with more than 460 from which to choose, you could be forgiven for feeling overwhelmed. Matters are not helped by jargon used to describe the funds.

26 Nov 2012 - 2:17am

Unions 'an option' to run MPF schemes

Anna Wu Hung-yuk, Chairman of Mandatory Provident Fund Schemes Authority. Photo: May Tse

Mandatory provident fund schemes run by non-profit organisations could be an option to drive down management fees, the head of Hong Kong's pension fund regulator says.

Anna Wu Hung-yuk cited trade unions and industry associations as an example of possible alternatives to the current scheme providers from the finance industry.

25 Nov 2012 - 3:35am 11 comments

Complaints over fees and poor MPF service

Mydy Lai. Photo: May Tse

The Employee Choice Arrangement has arrived, so workers may move the money in their Mandatory Provident Funds, but with restrictions. They may move only their own contributions, not the money paid by their employers, and they can do so only once a year.

12 Nov 2012 - 2:31am

How to get the best MPF funds

How to change your MPF provider

Thinking about changing your MPF plan? The recently implemented portability scheme gives you some freedom to move. And, as you search through fund data, you will notice there is much to choose from. Funds can vary greatly in terms of their returns, fees and risks.

12 Nov 2012 - 10:56am

Employee choice changes the face of Hong Kong's MPF

Employees now will have greater autonomy and flexibility in choosing the MPF scheme with the implementation of the ECA.

The long-awaited employee-choice arrangement (ECA) for Hong Kong's mandatory provident funds took effect on November 1, 2012.

What happened to MPF contributions before the ECA?

7 Nov 2012 - 3:36am

Business Digest, November 6, 2012

China brings WTO case on EU subsidies for solar power generation.

Funds under MPF return 0.67pc in Oct

6 Nov 2012 - 4:24am

Funds have battle with US Fatca rules

A new US tax law will put a burden on thousands of retail and pension funds in Asia, including Hong Kong's Mandatory Provident Fund.

Hong Kong and Asia fund managers can celebrate as the US Treasury and Internal Revenue Service last week agreed to postpone a new US tax law from January next year to January 2014.

But industry players warn against breaking out the champagne too soon as no agreement has been reached to exempt the thousands of retail and pension funds in Asia. It seems more lobbying will be needed.

6 Nov 2012 - 4:24am

Time to check the fine print

Investors should count the money in their MPF accounts at least once a year to monitor their returns. Photo: Shutterstock

Typically astute and informed about property and personal investments, Hongkongers have always been lukewarm about the Mandatory Provident Fund (MPF) and its promised benefits. Despite the best efforts of scheme providers to explain the mechanisms and funds available, concerns still linger about who gains most.

6 Nov 2012 - 4:51am

Fund data shows optimistic signs

MPF data supplied by HKIFA gives reason for optimism.

Any assessment of how well MPF funds have performed this year comes with a couple of caveats. Recent advances may compensate only in part for the declines of previous years. And headline figures for fund performance may not translate into the same gains for individual scheme members once fees have been deducted.

6 Nov 2012 - 4:24am

The Week Explained: MPF Choice

Now you can choose to split your dough among providers. Photo: Corbis

Here's the good news and the bad news. As of last week employees can benefit from the new Mandatory Provident Fund Employee Choice Arrangement scheme. The bad news is that the choice will be limited in a most surprising way.

5 Nov 2012 - 3:25am