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The Mandatory Provident Fund (Chinese: 強制性公積金), often abbreviated as MPF (強積金), is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations ...
Hong Kong's Mandatory Provident Fund lost a total of HK$23.26 billion (US$3 billion) during the first half of the year, according to calculations by the Post, as the outbreak of the coronavirus ...
The Mandatory Provident Fund (MPF), Hong Kong's compulsory retirement scheme, is set to register its first loss in three years due to the equities slump that wiped out value in the city's stock ...
Hong Kong's Mandatory Provident Fund reported its most robust monthly performance in four years during April, scoring each of the 3 million workers covered by the scheme an average HK$14,864 (US ...
Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private pension fund: Voluntary pension fund: N/A India: Social assistance: Mandatory Provident Fund: Voluntary pension insurance: Individual private pension plans Ireland: Basic pension: Social insurance system Pay Related Social Insurance: Occupational ...
There was a name change from SunLife Financial (HK) Ltd to Sun Life Hong Kong Ltd. Sun Life acquired CMG Asia ComServe Financial from Commonwealth Bank of Australia in 2005. [32] For some years, it had taken over the MPF schemes from a number of other competitors in 2010s due to its strong performance of the Hong Kong equity fund.
Almost 90 per cent of the respondents, aged between 50 and 59, had no specific retirement date in mind, while two thirds wanted to continue working as long as po Pension shortfalls keep 9 out of ...
Specific provident funds include: Employees' Provident Fund Organisation, India's statutory retirement plan; Mandatory Provident Fund, Hong Kong's retirement plan; Central Provident Fund, Singapore's retirement plan; Employees Provident Fund (Malaysia), Malaysia's retirement plan; Employees Provident Fund (Nepal), Nepal's retirement Plan