Dialogue with MPFA
13 Aug 2024
Mrs Ayesha Macpherson Lau, Chairman of Mandatory Provident Fund Schemes Authority (MPFA), together with Mr Eric Cheng, Executive Director (Policy) and Mr Eric Lui, Chief Executive Officer of the eMPF Platform Company, had an engaging dialogue with our 2024 FLP cohort at the MPFA Sheung Wan office on 13 Aug 2024.
During the dialogue moderated by Mr Martin Noble, Chief Financial Officer, Zurich Insurance (Hong Kong), Mrs Lau shared the features of the MPF System, various initiatives for further refining the MPF System and the benefits brought about by the eMPF Platform for stakeholders.
Mrs Lau highlighted that the MPF is designed as a retirement protection system “of the people and for the people”. By leveraging on Hong Kong as an international financial centre with diverse products, high-quality financial services providers, and a robust regulatory framework, MPF can provide basic retirement protection for the working population.
Mrs Lau added that the eMPF Platform is to serve the Hong Kong community on a non-profit making model. By addressing the pain points in MPF management, the eMPF Platform aims to enhance operational efficiency, reduce administration costs, and provide user-centric experience for all users. The eMPF Platform will also drive market competition and pave way for further reforms.
During the event, participants shared views with MPFA representatives regarding the future development of the MPF System and various aspects of MPFA's work. They also had the opportunity to experience the functionalities of the eMPF Platform first hand.
Last revision date: 15 Aug 2024