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MPFA Managing Director Cheng Yan-chee and Executive Director (Policy) Eric Cheng represented Hong Kong, China in attending the International Organisation of Pension Supervisors (IOPS) meetings and 2023 IOPS/ OECD Global Forum on Private Pensions in Zimbabwe from 17 to 19 October. They discussed topical issues of private pensions with senior government officials, representatives of regulators and pension experts from different jurisdictions.

During the IOPS Technical Committee meeting, Mr Cheng introduced the four major work foci of MPFA, namely improving investment outcomes, lowering fees, encouraging voluntary contributions and the eMPF Platform. Mr Cheng shared at the forum MPFA’s experiences in promoting good governance of MPF trustees, including issuing a set of core governance principles and requiring trustees to conduct self-assessment against these principles.

Furthermore, the IOPS AGM announced that MPFA was re-elected as a member of the IOPS Executive Committee for the 2024-2025 term. Mr Cheng said that MPFA was honoured to be re-elected, which is a recognition of the efforts MPFA had made throughout the years in promoting international co-operation in private pensions.

The IOPS is an international standard-setting body for pension supervisory issues with the objective of improving the quality and effectiveness of the supervision of private pension systems around the world.