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. 

Nearly half of MPF investments lose money in last five years, study shows

Ron Hui, of the Consumer Council, presents a report on Mandatory Provident Fund Schemes at a press conference in North Point. Photo: Edward Wong

Nearly half of the Mandatory Provident Fund investments ended up in the red in the past five years and employees - far from building up a retirement nest egg - could lose up to 14 per cent of the money they contributed in that period.

Tuesday, 16 October, 2012, 3:58am 2 comments

MPF fund fees vary wildly, savers warned

Ron Hui, of the Consumer Council, makes a point about Mandatory Provident Fund Schemes as Connie Lau looks on. Photo: Edward Wong

The management fees of some Mandatory Provident Funds are 26 times higher than others, a watchdog's survey shows. The Consumer Council found huge variations in management fees, with the MPF fund expense ratio (FER) - fees and charges as a percentage of the total fund size - ranging from 0.17 per cent to 4.62 per cent.

16 Oct 2012 - 10:40am 5 comments

Nearly half of MPF funds lost money, says watchdog

Ron Hui of the Consumer Council issues the agency's findings in North Point on Monday. Photo: Edward Wong

Almost half of all Mandatory Provident Fund investments have lost money over the past five years, the Consumer Council said on Monday. The council studied the performance of 523 funds, contained in 39 schemes from 15 MPF providers, from July to last month.

29 Aug 2013 - 4:13am

MPF back on track in third quarter thanks to QE3

Retirees cannot rest easy as analysts say fund returns still face a bumpy ride in light of the euro-zone crisis and a slowing mainland economy. Photo: David Wong

The city's Mandatory Provident Fund (MPF) turned the corner in the third quarter, helped by monetary easing in the United States last month that boosted stock markets worldwide.

5 Oct 2012 - 2:15am

Discriminate between the facts and spurious claims

This year's budget has had its fair share of controversy. First, the proposal to inject HK$6,000 into all MPF accounts was shot down. Then came the idea of a HK$6,000 cash handout and tax rebate to all permanent adult residents. Now, there is an additional proposal to give HK$6,000 to mainland immigrants who have been here less than seven years.

30 Mar 2011 - 12:00am

Tax breaks and other incentives will drive up voluntary payments

Nine years after the government introduced the Mandatory Provident Fund (MPF), the jury is still out on whether it has been successful in helping Hong Kong's workforce save enough for their retirement.

15 Dec 2009 - 12:00am

New HSBC scheme cuts preserved fund management fees to 1pc

HSBC Insurance yesterday announced a new MPF scheme with management fees reduced to as low as 1 per cent, the lowest among all the MPF products in Hong Kong.

The move by the largest MPF provider signals the latest round of fee cuts - following the first reductions last year - under intense lobbying from the authority. It is also the first reduction towards equity funds.

11 Jan 2008 - 12:00am

Fidelity cuts fees for MPF products

Competition hots up as managers fend off flak

Competition in Hong Kong's HK$229 billion Mandatory Provident Fund is heating up, with another major provider cutting fees in response to criticisms of overcharging.

10 Oct 2007 - 12:00am

Advisers call for more help in understanding scheme choice

Employers meet requirements but little is done to help parties use funds effectively

INVESTMENT ADVISERS believe most of Hong Kong's enterprises and their employees need more help from MPF providers and authorities to understand the choices available and how they can make the most of out of them.

15 Dec 2006 - 12:00am

Key role seen for third-party MPF administrators

AS MANDATORY Provident Fund (MPF) contributions form an increasingly important part of Hong Kong's retirement planning initiatives, third-party administrators believe the services they offer can make the MPF scheme more effective and cost efficient.

29 Jun 2006 - 12:00am

More choices for retirement

The pension industry is moving to multi-manager platforms but not all providers see the need to change

HONG KONG SAVERS investing for their retirement are being offered more choice as MPF providers open their schemes to include funds offered by rival investment managers.

29 Jun 2006 - 12:00am

Invesco broadens MPF choice for its customers

Asset manager Invesco Hong Kong plans to widen its menu of third-party fund choices for its MPF

customers now that it has switched to another MPF administrator that levies lower service charges.

Invesco Hong Kong chief executive Kerry Ching said the fund manager currently held a 6 per cent

20 Apr 2006 - 12:00am

Take long-term view on returns

It is just as well that MPF investment is compulsory and, for most of us, a very long-term investment. With a couple of exceptions, returns on MPF funds with any element of stock market exposure have been negative since the scheme was launched.

31 Jul 2002 - 12:00am

MPF officials dodging public debate

I refer to the letter from Heidi Kwan of the Mandatory Provident Fund (MPF) Schemes Authority, where she talked about extensive public discussion for the MPF (South China Morning Post, December 18).

26 Dec 2001 - 12:00am