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The Mandatory Provident Fund Schemes Authority (MPFA) today (15 April) published the latest issue of the MPFA Newsletter, which provides an update on the progress of various MPF reforms.
 
The cover story of this issue highlights the amendments to the Mandatory Provident Fund Schemes Ordinance passed by the legislature in January 2015. The key amendments include allowing the phased withdrawal of MPF benefits, adding “terminal illness” as a ground for the early withdrawal of MPF benefits, and streamlining and automating MPF administration processes.
 
"MPF Column" reports the "core fund" consultation conclusions and the general directions for the default investment strategy. There is also an article on former MPFA Chairman Anna Wu who shares her thoughts on MPF reform in her farewell gathering with the media.
 
Published once every quarter, the MPFA Newsletter provides updates on the MPF System and the MPFA, and offers tips for scheme members on how to manage their MPF. All issues of the MPFA Newsletter are available on the MPFA website. 


The latest MPFA Newsletter updates readers on the progress of various MPF reforms.
 
- Ends -

15 April 2015