Mandatory Provident Fund System - The Way Forward
14 Feb 2019
Five recommendations are set out in this report for enhancing the MPF system in Hong Kong, including (i) establishing the electronic version of MPF; (ii) encouraging MPF trustees/sponsors to provide more comprehensive advice and financial education; (iii) increasing independent governance and oversight of MPF schemes; (iv) updating the Mandatory Provident Fund Schemes Ordinance; and (v) increasing the level of contributions into the MPF system.