Tag : mandatory provident fund

The low level of contributions made to Hong Kong's Mandatory Provident Fund scheme limits what members can invest in, argues Darren McShane of the MPF Authority.

Contributors to Hong Kong's defined contribution scheme will likely be able to access their money in phased withdrawals. Previously they had to wait until 65.

Can employee choice make Hong Kong's MPF loved?

Employee Choice Arrangement offers Hong Kongers a new right over how their pension assets are invested.

The move to allow Employee Choice Arrangement in Hong Kong's Mandatory Provident Fund scheme is expected to drive down fees and cause smaller trustees to exit.

The latest edition of MPFexpress.com features a sponsored section inviting MPF scheme providers to pen articles on industry topics, raising potential issues over conflict of interest.

The city’s financial services secretary KC Chan sees inspiring greater public trust as key to ensuring the success of the MPF system, just like Australia’s superannuation scheme.

Consultancy director Philip Tso argues that Hong Kong investors tend to focus too much on returns and not enough on risk. He wants them to learn how to read performance.

Philip Tso of Towers Watson debunks the misconception that the city’s pensions system is a loss-making investment, in the second edition of MPFexpress.com.

The consultancy questions the efficiency of the current system, arguing that administration fees should be fixed in the interests of end-users.

Hong Kong MPF members probably won't do much switching of schemes when the employee choice arrangement first comes in next year, says Ka Shi Lau of BCT.