Info Center

MPFA Chairman Dr David Wong published his latest blog post today (1 March). He mentioned that both employers and employees are encouraged to make good use of the digital services provided by trustees and the MPFA’s online tools to handle MPF matters to avoid having to go out at this time to help fight the epidemic. He reminded employers that if the monthly income of employees has changed because of adjustments in work arrangements, they must provide the trustees with accurate income information on the affected employees to avoid making incorrect, or defaulting on, contributions.

Dr Wong also pointed out in his blog post that MPFA staff have continued to hold fast to their posts at this critical time to minimize the impact on the MPFA's statutory functions and public services. This year, the major foci of work include preparing the eMPF Platform project, launching more measures to enhance the transparency of the MPF, and working with the industry to study ways to strengthen retirement protection for MPF members.

Dr Wong said another focus of this year’s work plan is to further enhance the transparency of MPF information. Since the launch of the one-stop Platform last April, 27 MPF funds have lowered their management fees, and the Platform has had 260,000 visitors over the past nine months. The MPFA will start the second and third rounds of work to enhance the transparency of MPF accounts and product information.

For the full version of the article, please visit the MPFA blog. The blog is in Chinese only.

－Ends－

1 March 2020