Advertisement
Advertisement
-
TOPIC

Mandatory Provident Fund (MPF)

Mandatory Provident Fund (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.
More than 2.6 million employees are registered under MPF schemes. Photo: Dickson Lee
Hong Kong economy

Proposed 33% rise in MPF payments ‘may pile on business pressure, hit jobs’

But labour sector lawmaker calls for bolder increases in maximum income level threshold to meet statutory requirements and reflect rising salaries.

Hong Kong economy

MPF payments may rise 33% to HK$2,000 a month under first change in 13 years

Wealth management

More Hongkongers leave money in MPF pension plan amid market rally

Banking & finance

Can Hong Kong’s MPF members repeat record gains in Year of the Horse?

Volatility looms in the Year of the Horse, analysts forecast, after the Year of the Snake delivered estimated earnings of US$32 billion.

People walk during lunch hour in Central, Hong Kong. In the previous Year of the Horse in 2014, MPF members earned 2.2 per cent, while in 2002 they lost 0.4 per cent. Photo: Karma Lo
Hong Kong economy

Hong Kong MPF operator tightens identity verification process in wake of scam

Head of Mandatory Provident Fund Schemes Authority says government ‘cannot fail’ to protect Hongkongers’ retirement savings.

Wealth management

MPF assets reach record high of US$199 billion amid Hong Kong stock market rally

Each of the MPF’s 4.79 million members recorded an average of HK$323,590 in their account at the end of 2025.

Advertisement
Advertisement
Advertisement
Crime in Hong Kong

Editorial | Vigilance essential as Hongkongers hit by more online scams

The authorities must take the breach of the eMPF platform seriously, rectify the underlying vulnerabilities and restore confidence in the electronic system.

Commuters cross the street in Hong Kong’s Central district on October 20. Photo: Sun Yeung
Hong Kong

Video | Hongkongers urged to use eMPF to ward off scams

The advice comes with a warning about the recent theft of HK$1.8 million from three MPF accounts by scammers using high-quality ID forgeries.

Hong Kong society

Hongkongers urged to quickly sign up for eMPF platform as defence against scams

Cybersecurity experts call on residents to move quickly after HK$1.8 million stolen from three MPF accounts.

videocam
5
Crime in Hong Kong

5 arrested in Hong Kong over HK$1.8 million stolen from eMPF pension accounts

Scammers impersonated account holders to withdraw funds, prompting managing body to suspend digital verification process.

4
Screengrab of a press conference by police’s cybersecurity and technology crime bureau about the recent fraud crackdown. Photo: RTHK
Wealth management

Hong Kong’s eMPF to hit fee-cut target 5 years early, saving US$6.4 billion

MPFA chairwoman Ayesha Macpherson Lau says digital system boosts returns as assets rise to US$196.5 billion.

A key advantage of the eMPF is cost savings from digitisation, says Ayesha Macpherson Lau. Photo: Edmond So
Investing

Editorial | Hong Kong needs MPF to build on successful first 25 years

The city’s statutory pension scheme is on pace for record returns, but the rising cost of living means it cannot rest on its laurels.

Hong Kong

Hong Kong’s MPF marks 25 years with strong returns, ‘growing public confidence’

Doubling of voluntary contributions reflects retirement scheme’s importance to local residents, MPFA chairwoman says.

Hong Kong society

On This Day | Hong Kong’s Mandatory Provident Fund launches in 2000 – from the SCMP archive

On this day 25 years ago, Hong Kong implemented its Mandatory Provident Fund scheme, requiring employees and employers to make monthly contributions.

Hong Kong’s MPF scheme was implemented on December 1, 2000. Photo: Eugene Lee
Hong Kong society

Editorial | Global recognition of Hong Kong’s pension scheme should spur more upgrades

The MPF has, over the years, widened its coverage of residents’ retirement needs and become more credible, but there is still much room for improvement.

Commuters walk through Hong Kong’s Central district on September 16. The MPF, a major pillar of an average worker’s retirement needs, has come a long way from its inception. Photo: Eugene Lee
Wealth management

Hong Kong’s pension scheme earns higher grade, still lags behind Singapore’s

The city’s US$193 billion ­compulsory retirement scheme improves to a B from a C+ in Mercer’s index, thanks largely to strong returns.

Banking & finance

MPF assets hit HK$1.5 trillion after record earnings gain in first 9 months

The performance translates to an average gain of HK$43,225 for each of the 4.8 million MPF members.

Advertisement
Advertisement
Advertisement
Wealth management

Hong Kong’s MPFA reviews low-fee funds to address needs of silver economy

City’s pension regulator begins review of regulations related to a fee cap for a popular investment option under the MPF.

Mandatory Provident Fund Schemes Authority chairwoman Ayesha Macpherson Lau. Photo: Edmond So
Banking & finance

Hong Kong’s eMPF could save US$6.5 billion for members in 10 years: regulator

Biggest MPF trustees – AIA, Sun Life, Manulife and HSBC – start move to the electronic platform from this week until the end of the year.

Banking & finance

Over half of Hong Kong residents plan to work past 65, survey shows

While some people cite the need to maintain an income, others say they want to keep their minds active.

5
Wealth management

Number of MPF millionaires doubles as assets hit record US$178 billion

MPF pension regulator says the number of millionaires in the scheme doubles over the course of five years.

Mandatory Provident Fund Schemes Authority chairwoman Ayesha Macpherson Lau. Photo: Edmond So
Hong Kong economy

Hong Kong authorities check MPF payments after Michelin-starred eatery closes

Closure of restaurant Xin Dau Ji's Kowloon Bay branch marks end of chain that once boasted six outlets.

Xin Dau Ji is the second Chinese restaurant chain to close in July, following Super Star at the start of the month. Photo: Handout
Hong Kong economy

Hong Kong minister hints at scrapping of MPF tax break proposal for elderly

Working group has been reviewing proposal aimed at encouraging greater participation of elderly in workforce as part of silver economy push.

Wealth management

MPF achieves third-best interim return amid Hong Kong market rally

Funds investing in Hong Kong and China stocks were the top performers with 18.5 per cent gain, independent research firm said in a report.

Hong Kong economy

Closure of Hong Kong’s Taipan bakery leaves 211 employees seeking HK$32 million

Labour Department says sum owed by bakery chain, known for ‘snow skin’ mooncakes, mostly consists of unpaid wages, dismissal compensation.

Taipan Bread & Cakes closed all of its branches after 41 years in business. Photo: Nora Tam
Hong Kong society

Letters | Rethink measures against e-cigarettes for a smoke-free Hong Kong

Readers discuss the city’s policy on alternative smoking products, the ‘silver economy’, and the fake-degree industry.

11
People vape in Central district on April 25. Photo: Jonathan Wong
Hong Kong economy

Editorial | It will pay Hong Kong’s workers to check their savings after MPF shake-up

Much-criticised Hong Kong retirement scheme charges lower fees since switch to electronic platform and will offer greater flexibility.

Hong Kong

Hong Kong lawmakers support fully portable MPF accounts

Letting members move their full portfolios to new providers would promote proactive management and competition, official says.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement