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ARTICLE · 06 SEPTEMBER 2024

Hong Kong Launches e-platform For Pension Scheme

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The Mandatory Provident Fund Schemes Authority (‘MPFA') has commenced a major overhaul of the Hong Kong pensions system with the launch of the eMPF Platform in June 2024.

Hong KongEmployment and HR
Gladys Ching (Lewis Silkin LLP)
Gladys Ching (Lewis Silkin LLP)
Katy Lee (Lewis Silkin LLP)
Katy Lee (Lewis Silkin LLP)
Vanessa Ip (Lewis Silkin LLP)
Vanessa Ip (Lewis Silkin LLP)

The Mandatory Provident Fund Schemes Authority ('MPFA') has commenced a major overhaul of the Hong Kong pensions system with the launch of the eMPF Platform in June 2024.

The Mandatory Provident Fund (MPF) is Hong Kong's pension scheme, which involves compulsory contributions to privately managed fund plans. The eMPF Platform is a centralised electronic platform designed to streamline MPF administration for employers, employees and MPF trustees. This is the largest reform of the MPF system since its inception in December 2000.

What is the eMPF Platform?

The eMPF Platform is an electronic platform designed to centralise and digitalise the management of MPF administrative processes for both employer and employee MPF scheme members, as well as MPF service providers (trustees). Its aim is to enhance user experience, improve operational efficiency, and reduce administrative costs for MPF scheme members.

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