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- MPFA strives to assist the working population in building up a more substantial nest egg (10 September 2024)
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MPFA strives to assist the working population in building up a more substantial nest egg (10 September 2024)
MPFA Executive Director (Policy) Eric Cheng attended a retirement industry conference on 10 Sep sharing the latest developments of the MPF System and the eMPF Platform and expounding MPFA’s major initiatives in facilitating the growth of retirement savings for the working population.
Eric Cheng said that with the launch of the eMPF Platform, the MPF System has entered a new digital era, making it convenient for scheme members to manage their MPF accounts anytime anywhere, while at the same time reducing administrative fees, which will be conducive to accumulating more retirement savings for scheme members. He further stated that the MPFA would continue to enhance the MPF System by introducing different reform initiatives, including continuing to drive down fund fees, optimizing investment regulations to facilitate diversification and improve risk-adjusted return potential, conducting review of minimum and maximum relevant income levels for MPF contributions and encouraging voluntary contributions, with a view to further enhancing the retirement savings for the working population.
