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MPF

MPF

The Mandatory Provident Fund (MPF) is a compulsory pension fund designed by the Hong Kong government as a major protection scheme for the aged and retired residents.  Most employees and their employers are required to contribute monthly. 

Anna Wu Hung-yuk, Chairman of Mandatory Provident Fund Schemes Authority. Photo: May Tse

Unions 'an option' to run MPF schemes

Mandatory provident fund schemes run by non-profit organisations could be an option to drive down management fees, the head of Hong Kong's pension fund regulator says.

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