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.
Provident fund claims against travel agencySunday, 13 January, 2013, 3:55am
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
Time almost stands still at Now TV
After reading the correspondence focusing on Now TV often showing repeats of BBC series, I am writing to say that this is too often the case and is widespread across English-language channels.
Now Broadband TV might transmit over the internet, yet is a company where time almost stands still.3 Jan 2013 - 4:21am 5 comments
Risky MPF scheme should be optional
The whole idea of the Mandatory Provident Fund (MPF) scheme is to enable people to save for retirement.
These are, in effect, old-age savings and if they are lost due to speculation or the volatility of financial markets, then surely that defeats the purpose and logic of the scheme.14 Dec 2012 - 3:08am
It was only after more than three decades of heated debate that the government launched the Mandatory Provident Funds in 2000.5 Dec 2012 - 3:54am
The city's Mandatory Provident Fund (MPF) reported lower returns in the past two months, although hot money inflow, which boosted third-quarter results, helped it stay in the black.
The 443 retirement funds, which cover 2.5 million employees in Hong Kong, returned only 1.24 per cent in November and 0.67 per cent in October, month on month, according to data provider Lipper.5 Dec 2012 - 3:12am
When Hongkongers moan about the lousy performance of their Mandatory Provident Fund schemes, they usually focus on the ruinous fees they get charged.
But while high fees have certainly weighed on MPF returns, they are not the whole story. Poor asset allocation is also to blame.4 Dec 2012 - 4:25am 1 comment
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
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
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
Strategic dialogue for China and South Korea26 Nov 2012 - 2:58am
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
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
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
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