March 2013 Vol. 18 No.3
MPF schemes rated to build awareness and improve decision-making amongst members
Category: Hong Kong, Global
By Francis Chung*
Comprehensive performance data enables extensive rankings of providers
Hong Kong’s compulsory saving scheme, the Mandatory Provident Fund (MPF), has grown to over HK$440 billion (US$56.72 billion) in assets held on behalf of 2.6 million employees. These are underpinned by a combination of compulsory contributions and financial market performance. The recent implementation of employee choice arrangements (ECA), enabling members’ portability, is expected to bring the biggest changes to the Hong Kong retirement landscape since the MPF’s beginnings in December 2000.
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