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The Mandatory Provident Fund Schemes Authority (MPFA) today (8 March) organized the Seminar on MPF Investment to encourage participants to properly manage their Mandatory Provident Fund (MPF). Guest speakers Philip Tso, Head of Investment at Towers Watson Hong Kong, and financial expert David Lui addressed an audience of about 200 people on how to plan for retirement and manage MPF investments, and how market trends would affect retirement investments.
 
This is the fourth year the MPFA has collaborated with the Li Ka Shing Institute of Professional and Continuing Education (LiPACE) of The Open University of Hong Kong in co-organizing the Seminar on MPF Investment which seeks to introduce to members of the public various aspects of the MPF and encourage scheme members to take good care of their MPF investments in preparation for retirement.
 
MPFA Chief Corporate Affairs Officer Cheng Yan-chee said in his welcoming remarks, “The MPF is one of the three pillars of retirement protection and has to be supplemented by social welfare, personal savings and insurance. Although the MPF is not expected to meet all retirement needs, I believe careful management of your MPF can result in much greater retirement protection in the long run.”
 
The seminar started with Philip Tso’s speech, entitled Introduction to retirement planning and MPF investment, in which he pointed out that the 13-year-old MPF System had indeed added value to the retirement savings of employees. He also cited the return of equity funds to illustrate that the performance of MPF funds were by and large similar to the market average.
 
Another guest speaker, David Lui, elaborated on how local and global market trends would affect retirement investments. He said since the MPF was for retirement, scheme members should not just aim at ensuring a maximum return but also effectively control the investment risks.

Also addressing the audience was MPFA External Affairs Manager Lei Chioc-san, who talked about the MPF System and the work of the MPFA. He also reminded scheme members of the factors they should consider when making decisions during their lifelong MPF investment journey.

The Seminar on MPF Investment is one of the many public education and publicity campaigns launched by the MPFA. More activities in different formats will be organized during the year to deepen scheme members’ knowledge of the MPF System and MPF investments.


Cheng Yan-chee, Mandatory Provident Fund Schemes Authority Chief Corporate Affairs Officer, pointed out that scheme members’ savings outcomes hinge on their individual investment decisions, so they should take good care of their MPF.


Philip Tso, Head of Investment at Towers Watson Hong Kong highlighted the importance of having an early start in retirement planning.


Financial expert David Lui explained that a favourable investment portfolio should be one that can maximize return within acceptable risk parameters.


Philip Tso, Head of Investment at Towers Watson Hong Kong and financial expert David Lui answered questions raised by the audience.

– Ends –

8 March 2014