pensions.hk

Aug 03 2022

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Hong Kong industry group wants MPF funds opened to China pension investments

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The HKIFA says locally registered funds that are eligible for MPF schemes should be opened to investments from China’s enterprise annuities and occupational annuities. According …

Jul 22 2022

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Public Sector Pension plan names veteran pension executive Deborah Orida as CEO

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Public Sector Pension Investment Board has hired Deborah Orida, a 13-year veteran of Canada Pension Plan Investment Board, as its next CEO. Ms. Orida replaces Neil Cunningham, who said in...

Jul 20 2022

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Key Changes To Hong Kong SAR Employment Legislation.

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Key Changes To Hong Kong SAR Employment Legislation. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jul 16 2022

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Crowds angry at disqualification from HK$5,000 consumption voucher scheme descend on Hong Kong government offices

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About 240,000 people disqualified from HK$5,000 consumption voucher scheme after officials rule there is no evidence they are Hong Kong residents.

Jul 16 2022

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Hong Kong gov’t slammed for rejecting HK$5,000 voucher handouts for applicants who withdrew pension early

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The government has come under fire for disqualifying Hongkongers from receiving the next round of consumption vouchers based on their pension account status, a decision that can only be appealed...

Jul 14 2022

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Canada fund AIMCo picks Singapore over Hong Kong for Asia beachhead

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Alberta Investment Management Corp. is looking at Singapore rather than Hong Kong for its first office in Asia to expand its private equity group.

Jul 06 2022

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Hong Kong residents’ nest eggs shrink by HK$33,300 per person as Mandatory Provident Fund posts HK$152.7 billion first-half loss

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The Mandatory Provident Fund (MPF) reported a loss of HK$152.7 billion in the first six months, the worst interim performance on record The loss in the compulsory pension scheme translates...

Jul 06 2022

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HK$5 million owed to workers after abrupt shutdown of restaurants, Hong Kong union says

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A restaurant group that abruptly shut down nine eateries last week owes workers around HK$5 million, a labour union says. Speaking on an RTHK radio show on Tuesday, the head...

Jul 05 2022

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More than 100 staff owed HK$5 million in unpaid wages, contributions after Hong Kong restaurant operator abruptly shuts down

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Restaurant workers’ union says it is helping affected employees of Asia Catering (Holding) Limited who are confused about Mandatory Provident Fund payments Asia Catering’s owner failed to make …

Jul 05 2022

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What is the MPF offsetting mechanism and why are workers happy the Hong Kong government is set to scrap it?

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The bill sets in motion plans to scrap the so-called offsetting mechanism under the Mandatory Provident Fund (MPF … employed people with assets worth HK$1.12 trillion (US$143 billion) as …