Category: Uncategorized

Oct 27 2022

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Hong Kong Pension Fund’s Biggest Plunge Since 2008 Fuels Anger

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A historic selloff in Hong Kong stocks has dealt a blow to the nest eggs of the city’s millions of workers, saddling them with losses of about $8,000 each that...

Oct 20 2022

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COMMENT: Why Hong Kong pensions are so much worse than Singapore’s

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It’s too late for Hong Kong to emulate its rival’s pension system. But Iceland offers a good model to make sure an aging population is looked after in retirement.

Oct 18 2022

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Why Hong Kong Pensions Are So Much Worse Than Singapore’s

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It’s too late for Hong Kong to emulate its rival’s pension system. But Iceland offers a good model to make sure an aging population is looked after in retirement.

Oct 13 2022

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Record MPF loss calls for greater Hong Kong vigilance

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Better times may lie ahead as city pension scheme feels economic backlash, but employees would still be wise to watch their spending It’s the kind of scary headlines news editors...

Oct 12 2022

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Hong Kong’s MPF ranks second among Asia’s pension systems, behind Singapore’s CPF, as adequacy, sustainability scores rise

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The city’s compulsory retirement scheme scored 64.7 out of 100, behind Singapore’s 74.1, in a ranking by consulting firm Mercer Hong Kong’s government tax incentives in 2020 helped improve the...

Oct 08 2022

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Hong Kong bakery chain Hoixe to pay outstanding salaries to hundreds of employees before end of week

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Association says 70 per cent of bakery’s 800 employees received salaries on time and management working hard to pay the rest.

Oct 07 2022

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Firms may miss MPF payments due to economy woes: MPFA

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The Mandatory Provident Fund Schemes Authority on Thursday expressed concern that Hong Kong’s poor economy could lead to companies failing to make …

Oct 07 2022

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Hong Kong residents’ nest eggs shrink by HK$56,500 each as Mandatory Provident Fund posts record HK$258.9 billion nine-month loss

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The MPF on average lost 21.5 per cent in the first nine months, the worst performance since it launched 22 years ago Analysts are optimistic about the outlook as they...

Oct 04 2022

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Tax cuts for China’s private pension scheme likely to lure participants as financial institutions vie for market share

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Tax on withdrawal of funds is down to 3 per cent from 7.5 per cent, a move likely to drive participation and buoy a market seen reaching US$1.4 trillion by...

Oct 01 2022

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India to account for 5-10% of Ontario Teachers’ Pension Plan’s assets in next 15-20 years, CEO says

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Our exposure to India will be a very significant part of the balance sheet,’ Ontario Teachers’ Pension Plan CEO Jo Taylor said on Tuesday …