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.
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.Wednesday, 30 March, 2011, 12:00am
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
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
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
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
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
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
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 cent20 Apr 2006 - 12:00am
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
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