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MPFA Chief Corporate Affairs Officer Wallace Lau attended several briefings for MPF intermediaries on eMPF arranged by an MPF trustee in October. During the briefings, he shared the benefits and opportunities presented by the eMPF.

Lau said that the eMPF standardizes, streamlines and automates MPF administrations. This not only helps scheme members pay more attention to their MPF, but also encourages them to manage their accounts proactively and digitally, thereby invigorating the MPF market. In the long run, this will further reduce administration fees, benefiting scheme members.

He encouraged MPF intermediaries to actively support and assist their clients in the transition to the eMPF. MPFA will provide various forms of support to ensure a smooth adaptation for intermediaries.