Category: Uncategorized

Jul 03 2023

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US, UK politicians slam HSBC for ‘rejecting early MPF withdrawal requests’ of Hong Kong BN(O) passport holders

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Mike Gallagher and Alicia Kearns express ‘deep concerns’ over bank’s alleged decision to reject early withdrawal requests.

Jul 02 2023

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HSBC rebuked for refusing Hong Kong pension claims

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HSBC faces renewed pressure over its ties to China after politicians in the UK and US criticised its treatment of the pensions of Hongkongers who leave the ter …

Jul 01 2023

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HSBC accused by US and UK lawmakers of oppressing Hong Kong residents on pensions

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The Hong Kong government then said residents availing themselves of the BNO visa scheme could not apply for early withdrawals from the territory’s compulsory retirement plan, the Mandatory Provident …

Jul 01 2023

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0P0000A4NQ.HK – Mass Mandatory Provident Fund Scheme-Hong Kong Equities Fund

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*Close price adjusted for splits.**Adjusted close price adjusted for splits and dividend and/or capital gain distributions. Loading more data …

Jul 01 2023

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HSBC Under Scrutiny Over Hong Kong Expats’ Retirement Funds

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HSBC Holdings Plc Chief Executive Officer Noel Quinn is facing pressure from senior politicians on both sides of the Atlantic to explain why the bank has denied some Hong Kong...

Jul 01 2023

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HSBC Blocking of Hong Konger Pensions Matter of ‘Deep Concern’, Say US, UK Lawmakers

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Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension...

Jul 01 2023

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CGS-CIMB keeps “reduce” call on iFast, pending further details on pension scheme platform project

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A fee of 1 basis point out of the HK$344 billion AUM can translate into additional earnings of $5.8 million for iFast’s FY2025

Jun 29 2023

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iFast subsidiary launches digital pension solution in Hong Kong

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IFAST Corporation’s Hong Kong-based subsidiary, iFast e-pension Services, on Wednesday (Jun 28) launched Occupational Retirement Schemes Ordinance (ORSO) e-pension services, a digital pension solution …

Jun 28 2023

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Ontario Teachers picks new Asia-Pacific head

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Bruce Crane, former senior managing director of infrastructure for Asia-Pacific at Ontario Teachers’ Pension Plan, was made head of the region.

Jun 14 2023

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Hong Kong – Recent Updates On MPF And Pensions: What Employers Need To Know.

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There have been some important updates in the past few weeks concerning MPF and pensions in Hong Kong which employers should take note of: • Abolition of the MPF offsetting...