Accountability and Transparency

The MPFA is publicly accountable in its operations. It is required to submit a draft corporate plan and a budget of estimated expenditure to the Financial Secretary for approval before the start of each financial year. It is also required to deliver an annual report, together with audited financial statements and auditor's report, to the Financial Secretary. The CE may also give directions with respect to the exercise by the MPFA of its functions. (Please click here for details of the powers of the CE and the Financial Secretary under the MPFSO and the ORSO.)

To enhance transparency and promote effective communication with the public at large, the MPFA maintains this website, providing comprehensive information about the MPF System and the MPFA. The website carries all press releases of the MPFA, its publications, relevant statistics and its annual reports.

The MPFA publishes a quarterly Statistical Digest to provide statistics on MPF and ORSO schemes, including number of participants, contribution amount, asset size, asset allocation and annualized return. The publication is distributed to employer and employee groups, industry associations, professional bodies, and other interested parties. It is also available on the part of Statistics on this website.