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Changes to MPF and retirement arrangements.
16 related updatesLast 30 days 10 itemsFeatured 1 items
China Life Trust and Haitong International Asset Management have established a cooperation intent on Mandatory Provident Fund (MPF). The news was reported by Sing Tao Daily Canada, and specific details and implementation arrangements for the cooperation have not been disclosed.
Read originalChina Life Trust and Haitong International Asset Management have established a cooperation intent for the Mandatory Provident Fund (MPF).
Read originalThe MPF Platform presents a paradox: merely checking MPF balances cannot achieve asset growth. The platform was launched by the Mandatory Provident Fund Schemes Authority to streamline MPF administrative processes and reduce operational costs.
Read originalThe latest ratings for 29 funds under Manulife's MPF have been officially disclosed, with 18 funds rated "underperforming." The Manulife MPF US equity funds involved in this rating have completed the change of investment manager.
Read originalThe Hong Kong Special Administrative Region Government has published an effectiveness notice in the Government Gazette, stating that the Mandatory Provident Fund Schemes (General) (Amendment) Regulation 2025 will come into effect on December 21, marking the official launch of Phase 1 of MPF "territory-wide portability". New employees who joined on or after May 1 last year can transfer all accrued benefits derived from the employer's mandatory contributions under their current employment from the employer-chosen MPF scheme to a personal account in a self-elected MPF scheme. Transfers can be made once per calendar year, or more frequently if the governing rules of the transferring scheme permit.
Planning Note:Regarding liquidity arrangements for MPF benefits, new employees who joined after May 1 last year may wish to note the transfer rules for accrued benefits from employer contributions.
The MPF recorded a net inflow of HK$9 billion last quarter, with HSBC and Sun Life being the strongest in attracting funds, together accounting for more than half of the quarter's net inflow.
Read originalThe Chairman of the Mandatory Provident Fund Schemes Authority (MPFA) and eMPF Company Limited delivered a keynote address at the Hong Kong Management Association 2026 Quality Award Presentation Ceremony, calling on business leaders to adopt a long-term perspective and strengthen employees' long-term protection through institutionalised knowledge and the development of future-ready systems.
Read originalThe MPFA released provisional MPF investment return data up to the end of September 2026, with returns net of fees and charges. Since the MPF system's inception, equity funds and mixed asset funds, which account for 81% of total MPF assets, have delivered average annualised net returns of 5.1% and 4.7% respectively, compared with an annualised inflation rate of 1.8% over the same period. Under the Default Investment Strategy launched in 2017, the Core Accumulation Fund has delivered an average annualised net return of 7.1% since inception, compared with an annualised inflation rate of 1.8% over the same period.
Read originalIn a blog post, the Chairman of the MPFA announced that the eMPF Platform will launch a one-stop MPF account information enquiry service on October 5. The service is available to MPF scheme members, authorized persons, estate representatives, and those prioritizing the estates of deceased scheme members, allowing them to enquire about trustee and scheme names, account numbers, and balance information. Applications require submission of corresponding authorization or legal documentation based on identity, and account information will only be provided after identity and authorization verification.
Read originalThe Mandatory Provident Fund Schemes Authority (MPFA) and eMPF Company Limited, leveraging the centralised management capabilities of the eMPF platform, have introduced a number of enhanced measures to combat fraudulent early MPF withdrawal. These measures include requiring early withdrawal applicants to submit original supporting documents for review, updating the MPF withdrawal application form, and refining the medical certification requirements for early withdrawal applications based on total incapacity or terminal illness. Forging or using false documents constitutes a serious criminal offence, carrying a maximum penalty of 14 years' imprisonment upon conviction.
Read originalThe Mandatory Provident Fund Schemes Authority (MPFA) issued a press release on September 16, 2026, welcoming the Chief Executive’s announcement of Hong Kong’s first Five-Year Plan (2026-2030) and the 2026 Policy Address on the same day. It stated that it will fully support the implementation of measures to optimize the MPF system and enhance retirement protection.
Read originalThe Mandatory Provident Fund Schemes Authority (MPFA) and its wholly-owned subsidiary, the eMPF Platform Company, released their 2025-26 Annual Report on September 1, covering key work and financial reports for the fiscal year. As of the end of March 2026, total MPF assets exceeded HK$1.5 trillion, total contributions for the fiscal year reached HK$91.23 billion, with voluntary contributions accounting for 26%; the eMPF Platform has completed the onboarding of all 24 MPF schemes, and administrative fees have been reduced to 0.29%.
Read originalIn a blog post, the Chairman of the MPFA pointed out that the MPF can complement various forms of support under Hong Kong’s multi-pillar retirement protection framework, including public healthcare, public/subvented housing, concessionary public transport fares for the elderly, and social security allowances, providing employees with adequate basic retirement protection.
Read originalHong Kong's HKMA, SFC, IA and MPFA, together with Hong Kong Cyberport, have announced the first batch of selected participants for the Generative AI Sandbox++. 36 use cases were selected from nearly 100 proposals, involving 30 financial institutions and 27 technology partners, focusing on agentic AI application testing. The selected use cases will cover end-to-end processes such as customer account opening, payments, and insurance claims, and will subsequently test AI's ability to dynamically supervise other AI applications.
Read originalThe Mandatory Provident Fund Schemes Authority has released the June 2026 quarterly report of the Mandatory Provident Fund Schemes Statistical Digest, covering core statistical data of the MPF system as of the end of June 2026. As of the end of June 2026, the total assets of the MPF reached approximately HK$1.67 trillion, a quarterly record high, representing a 174% increase from 10 years ago. The report also disclosed the latest account sizes, asset proportions, and annualized net return data for sectors including the Default Investment Strategy and Tax Deductible Voluntary Contributions.
Read originalPrudential has released its inaugural Asia Financial Well-being Index, surveying 7,707 adults aged 18-60 across 8 Asian markets, with an overall score of 58.9 out of 100. The 18-35 age group scored highest at 59.8, while the 50-60 age group scored lowest at 57.7, showing a gradual decline with increasing age. Vietnam ranked first in the region with a score of 65.1, while Hong Kong ranked last at 52.5. Only 18% of respondents believe they have access to the financial services needed to achieve financial success.
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