Small and medium-sized enterprises (SMEs) in Hong Kong are deeply split over the merits of the Mandatory Provident Fund (MPF), according to a survey. About 44 per cent think MPF schemes bring no benefits to them, according to a survey. However, 45 per cent thought the scheme could bring benefits, because MPF contributions could be used to cover payments for long-service pensions or redundancies. 'This indicates SMEs have divided views on whether the implementation of the scheme will bring benefits,' said the Hong Kong Association of International Co-operation of Small & Medium Enterprises (ISME), which conducted the survey between December and January. More than 3,000 SMEs were interviewed: 63.2 per cent from manufacturing, 32 per cent from services and the remainder a mix of the two sectors.