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In the latest Mercer CFA Institute Global Pension Index (MCGPI) 2025, Hong Kong’s MPF System is recognized as having “a sound structure, with many good features”. 

In the integrity sub-index of MCGPI 2025, Hong Kong receives a top grading of A (whereas the score improves from 87.5 in 2024 to 89.2 in 2025) and continues to rank third globally, thereby reaffirming the excellent performance of the MPF System in the key aspects of regulation, governance, and protection for and communication (including disclosure) with scheme members.

MPFA spokesperson said, “MPF is a sound retirement savings system that plays a vital role in enhancing basic retirement protection for the working population in Hong Kong. It is encouraging to note that, as a key component of Hong Kong’s multi-pillar retirement protection framework, MPF continues to be widely recognized globally in key aspects of its regulation, governance and member protection.”

The spokesperson continued, “Though MPF will be entering its 25th anniversary soon, it is still regarded as a developing system as a pension system usually takes 40 years to reach full maturity. We are sparing no effort in continually improving the MPF System, under the guiding principle of “scheme members’ interests first” and on the firm foundation of a high degree of integrity, robust regulation and sound governance. We are confident that MPF will become one of the world’s leading privately managed pension systems, continually accumulating basic retirement reserves for our working population.”

MCGPI 2025 is a collaborative research project of the CFA Institute and Mercer, supported by the Monash Centre for Financial Studies of Monash University. It benchmarks 52 retirement protection systems across the globe in the areas of integrity, adequacy and sustainability.

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15 October 2025