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MPF Investment Education Campaign encourage the public Look after your MPF investment - Add value to your future!
The Mandatory Provident Fund Schemes Authority (MPFA) today (29 October 2005) embarked on a six-month MPF Investment Education Campaign. By organising series of activities and multi-media programmes, the Campaign aimed at enhancing scheme members' investment knowledge, reinforcing public understanding of the MPF System and enhancing public awareness of the importance of early planning and investment for retirement.
The Ceremony's Guest of Honour, Mr. Rafael Hui Si-yan, Chief Secretary for Administration officiated at the Kick-off Ceremony. In his remarks, Mr. Hui said the problem of ageing of population in HK is getting more serious, the needs of the elder cannot be fulfilled only by the young generation. To find ways enhancing living standard of the old age call for the society's concern.
"The MPF System, was an important social construction designated to counter the problem of ageing of population, that educate the public to save more for retirement use. The MPF System is only a beginning, hoping that the public will save more, to choose appropriate investment, be prepared for retirement." Mr. Hui said.
As a former Managing Director of the MPFA, Mr. Hui said the MPFA had done a good job in different perspectives, for example, to improve the administrative operation, to strengthen enforcement and prosecution action, and to issue of a set of Compliance Standards for MPF approved trustees to assist the trustees in establishing a rigorous framework for monitoring their compliance with statutory duties and responsibilities.
"I'm gratified that The MPFA had done a good job to improve the administrative operation and member protection, and the Campaign embark on today was a very sound example of its good job."
He hoped the public actively participate in the activities, by "Look after your MPF investment", to achieve "Add value to your future".
Mr. Charles Lee Yeh-kwong, Chairman of the MPFA said in his speech that the MPF Investment Education Campaign hope to enhance scheme members' knowledge of MPF investment, set clear investment goal, know well all related information, better manage the MPF account, therefore accumulate more capital for retirement through various events,
At the Kick-off Ceremony, Mr. Hui Si-yan appointed financial expert Mr. Chan Wing-luk as MPF ambassador on behalf of the MPFA. From 7 November 2005 to 16 January 2006 (Monday), Mr. Chan's airtime "Crosstrade" in Commercial Radio will introduce a new programme "積金投資面面觀". Celebrities, artistes and financial experts are invited to the programme to share their knowledge on MPF investment. The guest of the first episode was "MPF Star" Mr. Cheung Tat-ming.
The Campaign slogan is " Look after your MPF investment – Add value to your future". There are two main themes, "Set your goals" includes how to set a clear investment goal and how to better manage the MPF account. "Know your funds" includes introduction of the characteristics of various MPF funds, risk levels, fees and charges, performance, and how to read MPF fee table and fund fact sheet.
Programme highlights:
The Ceremony's Guest of Honour, Mr. Rafael Hui Si-yan, Chief Secretary for Administration officiated at the Kick-off Ceremony. In his remarks, Mr. Hui said the problem of ageing of population in HK is getting more serious, the needs of the elder cannot be fulfilled only by the young generation. To find ways enhancing living standard of the old age call for the society's concern.
"The MPF System, was an important social construction designated to counter the problem of ageing of population, that educate the public to save more for retirement use. The MPF System is only a beginning, hoping that the public will save more, to choose appropriate investment, be prepared for retirement." Mr. Hui said.
As a former Managing Director of the MPFA, Mr. Hui said the MPFA had done a good job in different perspectives, for example, to improve the administrative operation, to strengthen enforcement and prosecution action, and to issue of a set of Compliance Standards for MPF approved trustees to assist the trustees in establishing a rigorous framework for monitoring their compliance with statutory duties and responsibilities.
"I'm gratified that The MPFA had done a good job to improve the administrative operation and member protection, and the Campaign embark on today was a very sound example of its good job."
He hoped the public actively participate in the activities, by "Look after your MPF investment", to achieve "Add value to your future".
Mr. Charles Lee Yeh-kwong, Chairman of the MPFA said in his speech that the MPF Investment Education Campaign hope to enhance scheme members' knowledge of MPF investment, set clear investment goal, know well all related information, better manage the MPF account, therefore accumulate more capital for retirement through various events,
At the Kick-off Ceremony, Mr. Hui Si-yan appointed financial expert Mr. Chan Wing-luk as MPF ambassador on behalf of the MPFA. From 7 November 2005 to 16 January 2006 (Monday), Mr. Chan's airtime "Crosstrade" in Commercial Radio will introduce a new programme "積金投資面面觀". Celebrities, artistes and financial experts are invited to the programme to share their knowledge on MPF investment. The guest of the first episode was "MPF Star" Mr. Cheung Tat-ming.
The Campaign slogan is " Look after your MPF investment – Add value to your future". There are two main themes, "Set your goals" includes how to set a clear investment goal and how to better manage the MPF account. "Know your funds" includes introduction of the characteristics of various MPF funds, risk levels, fees and charges, performance, and how to read MPF fee table and fund fact sheet.
Programme highlights:
- Multi-media publicity:
To disseminate MPF investment education message through radio/TV programmes and APIs, newspaper and magazine articles/supplements, and the MPFA website.
- Community Involvement:
To reach out to the community through district carnivals, seminars and other promotion activities jointly organised with labour unions, District Councils and political parties.
- Trustee Participation:
To coordinate with MPF trustees to enhance scheme members' MPF investment knowledge.
- Youth education programme:
To organise seminars, exhibitions and financial planning competition for youth to enhance their awareness of the importance of early planning for retirement; and to organise training workshops for youth workers to enhance their knowledge in financial planning.
- Training workshops:
To organise training workshops for MPF intermediaries, labour union executives, the media, and youth workers to enhance their MPF investment knowledge.
- MPF investment education leaflets:
To produce leaflets on MPF investment in easy-to-understand language, which will be distributed in MPF activities and uploaded to the MPFA website. The leaflet will also be available to the public at the MPFA Office (5/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong), District Offices, and Job Centres and Labour Relations Divison of the Labour Department.
End/ 29 October, 2005
