Information Centre

New graduates entering the workforce often find they are unfamiliar with their new work environment, such as company structure, policies, personnel procedures and so forth. One of the new things in the workplace that fresh graduates must get used to is managing their MPF, starting with selecting an investment portfolio from the MPF scheme their employer enrolled them in. Nowhere to start? A “made-easy guide book” (Guide Book) from the MPF is here to help.

Starting in 2022, the MPFA required all MPF trustees to provide a “made-easy guide book” and a “Key Scheme Information Document” (KSID) for new MPF scheme members. The KSID condenses all essential information about their MPF scheme into approximately eight A4 pages of "quick-read notes" to help scheme members make decisions. The content summarizes basic but essential MPF information, such as:

• Fund choices
• Fees
• Risk levels
• Administrative processes

The MPFA requires that the KSID be written in a way that is easy to understand with ample use of graphics to present the information. The first page includes a table of contents for easy navigation to help scheme members select and find the necessary content. The KSID for all MPF schemes must follow a standardized sequence of content to facilitate easy comparisons among the various MPF schemes. For instance, to compare the fees of MPF schemes, simply turn to the corresponding pages in the KSIDs. This ensures that everyone can easily obtain all the essential information in the KSIDs.

With these simple and clear KSIDs, you can better understand the MPF without missing basic MPF information or making inappropriate investment decisions.

However, it is important to note that KSIDs are just a guide book. If you want to delve deeper into the details of MPF schemes, there are hyperlinks and/or QR codes to different MPF documents in the KSIDs, making it convenient for you to obtain further information and make wise investment decisions.

Remember, if you are new to the workplace, you should regularly review your MPF investment portfolio (e.g., every six to 12 months) to establish good habits in proactively managing your MPF!