Hong Kong launches e-platform for pension scheme
The Mandatory Provident Fund Schemes Authority (‘MPFA’) has commenced a major overhaul of the Hong Kong pensions system with the launch of the eMPF Platform in June 2024. The Mandatory Provident Fund (MPF) is Hong Kong’s pension scheme, which involves compulsory contributions to privately managed fund plans. The eMPF Platform is a centralised electronic platform designed to streamline MPF administration for employers, employees and MPF trustees. This is the largest reform of the MPF system since its inception in December 2000. What is the eMPF Platform? The eMPF Platform is an electronic...
