Friends of MPF activities
To listen to the views of MPF scheme members about the MPF System, MPFA held a MPF 20th Anniversary Virtual Discussion Session with “Friends of MPF” on 17 July to recount the developments of the MPF System over the past two decades, share useful tips on managing MPF investment and gauge members’ views on the MPF and other retirement investment issues. Please click to watch the video highlight of the event! (in Chinese only)
Mr Cheng Yan Chee, Acting Managing Director of the MPFA revealed that the MPF System has recently accumulated $1.2 trillion accrued benefits which is a sizeable retirement reserve for the Hong Kong work force. He reiterated that the System will be further enhanced to meet with the needs of scheme members. He also expounded the vision of MPFA – making the MPF System a retirement protection system in which Hong Kong people could take pride. Meanwhile, Mr Joseph Lee, Director (Product Regulation) of the MPFA, reminded scheme members that as their MPF benefits grew, they should take proactive steps to manage their MPF, in particular leveraging on the electronic tools provided by the MPFA so as to achieve a promising retirement life.
To encourage our Friends of MPF to pay more attention to their MPF and make an early start in retirement planning, the MPFA organized a retirement planning workshop and arranged one-on-one investment consultation sessions exclusively for Friends on 27 January 2018.
The first part of the activity was a workshop by Certified Financial Planner Alvin Lam on the key points in retirement planning. This was followed by a one-on-one consultation service provided by members of the Hong Kong Society of Financial Analysts, who are also CFA charterholders, to help our Friends draw up personalized retirement plans.