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- MPFA is committed to enhancing the MPF System to provide better retirement protection for the Hong Kong working population (9 September 2024)
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MPFA is committed to enhancing the MPF System to provide better retirement protection for the Hong Kong working population (9 September 2024)
MPFA Managing Director Cheng Yan-chee, spoke at a lunch gathering on 9 Sep organised by the Hong Kong Academy of Finance for its members from the financial industry. With the theme "eMPF Platform and Retirement Savings in Hong Kong", he dissected the features of the MPF System, various initiatives for further refining the System, and the benefits brought about by the eMPF Platform for stakeholders.
Cheng Yan-chee said that the MPFA had been striving to enhance the MPF System for strengthening the retirement protection and savings of scheme members, including the launch of the eMPF Platform, driving fee reduction and encouraging voluntary MPF contributions, etc. The eMPF Platform not only reduces the administration costs of MPF schemes, but also promotes industry development. He highlighted that the mission of the MPFA is to provide a retirement savings system “of the people, for the people”, and called on the financial industry to work together with MPFA on bettering retirement protection for the working population of Hong Kong.
