The city’s pension regulator has begun a review of regulations related to a fee cap for a popular investment option under the Mandatory Provident Fund (MPF), as Hongkongers get older and work past the traditional retirement age. In a recent interview, chairwoman Ayesha Macpherson Lau of the Mandatory Provident Fund Schemes Authority (MPFA) said the…
The city’s pension regulator has begun a review of regulations related to a fee cap for a popular investment option under the Mandatory Provident Fund (MPF), as Hongkongers get older and work past the traditional retirement age. In a recent interview, chairwoman Ayesha Macpherson Lau of the Mandatory Provident Fund Schemes Authority (MPFA) said the…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Some Hongkongers who moved to the UK under a bespoke migration pathway have said the country’s push to tighten immigration controls could prompt them to find a second job, while others fear they will need to pay another upfront healthcare fee or wait an additional five years to access their pension money. They were voicing…
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…
On Thursday, the MPF reported a HK$34.8 billion investment return in the first quarter, according to data from MPF Ratings, an independent research firm. The MPF’s 379 constituent funds generated an average return of 2.7 per cent in the first quarter, the best performance since a 4.1 per cent gain in the first quarter of…
Finance ministers from developed Western economies would “be happy” to have Hong Kong’s level of deficits and reserves, economic experts have said, stressing that the city remains robust financially while having more room for bond issuances. The economists were speaking at a panel discussion on Monday at the Redefining Hong Kong Series 2025: Budget Edition…
The 4.75 million members of Hong Kong’s Mandatory Provident Fund (MPF) enjoyed a 13 per cent increase in their pension assets in 2024 thanks to the best investment returns in four years. The MPF earned a combined HK$102.4 billion (US$13 billion) last year, equivalent to HK$21,500 for each member, according to data from MPF Ratings,…
Homeless people sought temporary shelter overnight as temperatures fell in Hong Kong on Sunday night, although some street sleepers were left shivering outdoors. The Home Affairs Department opened 18 temporary shelters in various districts for people in need, as the Observatory issued a cold weather warning in the morning. The shelters, which offer mattresses, blankets…