Hong Kong’s Mandatory Pension Fund scheme covers 4.5 million employees in the city. Photo: Sam Tsang
Hong Kong’s Mandatory Pension Fund scheme covers 4.5 million employees in the city. Photo: Sam Tsang

Hong Kong pension scheme going digital will save members US$5 billion in fees over 10 years

  • Hong Kong’s lawmakers last month approved legislation for the city to establish an online centralised platform called eMPF
  • The digital platform will cut down the use of paper and save costs for the scheme’s 4.5 million members

Hong Kong’s Mandatory Pension Fund scheme covers 4.5 million employees in the city. Photo: Sam Tsang
Hong Kong’s Mandatory Pension Fund scheme covers 4.5 million employees in the city. Photo: Sam Tsang
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