July 2023
28Jul

Why investing pension funds requires players to think outside the box

It’s a tough time to be investing a pension fund’s cash. Analysis of pension schemes by Actuarial Service East Africa (ActServ) shows overall flat returns over the first quarter this year (0.8 percent) and 2022 (-0.6 percent). Both returns further trail those posted in the first quarter of 2021 and 2019 at 2.26 percent and 6.5 percent respectively. In addition, for the year 2022, weighted average returns stood at 1.7 percent - while inflation in the period averaged 7.64 percent. Amid this...

July 28, 2023
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October 2021
07Oct

Hong Kong Policy Address: MPF offsetting – allowing employers to dip into pensions – will be scrapped

Hong Kong’s controversial Mandatory Provident Fund (MPF) offsetting mechanism will be scrapped, Chief Executive Carrie Lam announced on Wednesday in her policy address. The mechanism allows employers to dip into workers’ pension funds to make long-service and severance payments, a system which has come under fire for years from unions and fundholders themselves. The offsetting will be fully scrapped as early as 2025, when the launch of an electronic management platform for the MPF (eMPF) is completed. According to a government source,...

October 7, 2021
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