pensions.hk

Feb 12 2022

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Offsetting abolition bill gazetted

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The bill is to abolish the use of the accrued benefits of employers’ mandatory contributions … Rules and Subsidized Schools Provident Fund Rules and overseas occupational retirement schemes of …

Feb 10 2022

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Coronavirus: Hong Kong’s brokers and banks shut branches as financial hub hunkers down for city’s worst coronavirus flare-up yet

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Bright Smart Securities and Everbright Securities have stopped allowing customers to conduct in-person trading at their premises Bank of China (Hong Kong) has shut 50 branches … the Insurance …

Jan 30 2022

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Year of the Tiger: MPF members can expect a rebound in Chinese and Hong Kong stocks to boost pension pot, analysts say

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The 4.5 million members of Mandatory Provident Fund, the city’s compulsory pension scheme, are likely to see their retirement savings swell as the Year of the Tiger bodes well for...

Jan 18 2022

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Hong Kong’s MPF net inflows seen at three-year low in 2021

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Hong Kong’s Mandatory Provident Fund net inflows declined in 2021 to the lowest level in three years as the coronavirus crisis continued to weigh on the city’s economy, according to...

Jan 13 2022

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Standard Chartered buys MPF trustee RBC Investor Services to tap Hong Kong’s growing retirement market

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Standard Chartered, one of the three note-issuing banks in the city, has agreed to buy RBC Investor Services Trust Hong Kong, expanding into Mandatory Provident Fund trustee business.

Jan 12 2022

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Hong Kong’s brain drain worsens as expats and locals flee the city

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Both the city’s strict COVID-19 polices and the imposition of the national security law have prompted a population outflow that looks set to intensify in 2022.

Jan 11 2022

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Hong Kong’s brain drain worsens as expats, locals flee city

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An exodus of expatriates and locals from Hong Kong is poised to intensify in 2022, as policy makers continue their crackdown on civil society and brush off an increasing uproar...

Jan 07 2022

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Hong Kong’s compulsory pension scheme records worst performance in three years, pays for over reliance on Hong Kong and Chinese stocks

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Both China and Hong Kong equity funds last year reported their worst losses in 10 years, which hit many members hard as they are the most popular fund choices and...

Jan 06 2022

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Hong Kong Reviewing Tax-Privileged Retirement Products

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Authorities in Hong Kong have launched a review into two tax-deductible retirement savings products: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible …

Dec 31 2021

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Hong Kong’s MPFA highlights three areas to bolster MPF system

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Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) will focus on optimising Monetary Provident Fund investments, one of three areas where it’s looking to bolster development of the city’s …