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- MPF helps boost the financial well-being of Hong Kong working population (15 September 2021)
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MPF helps boost the financial well-being of Hong Kong working population (15 September 2021)
MPFA Executive Director (Members) Cynthia Hui joined a panel discussion at an MPF forum on employees’ financial wellbeing today (15 Sep). The online forum was attended by about 600 participants including employers and human resource practitioners from over 400 organisations.
Cynthia said that, with both employers and employees making contributions, the MPF System had accumulated considerable wealth over the last two decades enhancing the financial well-being of Hong Kong’s working population for their retirement. As of June 2021, the total asset under management (AUM) of the MPF System exceeded $1.2 trillion, which was an important reserve in addressing retirement protection of the working population in Hong Kong.
She added that employers played a critical role in their employees’ retirement protection and there were more that employers could do, such as offering more MPF schemes for employees to choose from, offering better retirement benefits through voluntary contributions, and helping their employees manage their MPF by disseminating the latest information about the MPF System and organizing MPF talks for employees.
