What's New

MPFA Managing Director Cheng Yan Chee met with participants of the “Financial Leaders Programme” of the Hong Kong Academy of Finance on 16 Jul, sharing with future leaders of different financial institutions the functions of and various enhancement initiatives on MPF.

Cheng highlighted that MPFA has always been putting the interests of the working population first via driving reduction of MPF fees and enhancing MPF operations. A groundbreaking reform is the introduction of the eMPF Platform (eMPF), which aims to standardize, streamline, and automate MPF administration processes. The eMPF operates on a non-profit making basis which reduces administrative costs directly benefitting employees. It also enhances operational efficiency and improves user experience, thereby enabling the working population to manage their MPF proactively.

Together with the abolition of the MPF offsetting arrangement effective from 1 May this year and the upcoming implementation of MPF “full portability”, the above three major reforms will revitalize the MPF, making it more flexible, more efficient, and better value for money. Cheng looked forward to the future financial leaders fully leveraging on their professional expertise to serve the MPF and provide better retirement protection for the working population.


During the dialogue, the future financial leaders also ardently exchanged with Cheng on the MPF investment regulations and various aspects of MPFA's work.