Hong Kong’s government has given the green light to lower administration fees for eMPF, the centralised digital platform of the Mandatory Provident Fund, from 0.37% to 0.29%.
The fee cut is effective April 1.
The Mandatory Provident Fund Schemes Authority (MPFA) announced the fee reduction in a statement on March 24, and now expects the eMPF to save HK$50 million (US$6.39 million) in administrative costs in less than ten years.
The industry regulator had originally predicted savings of HK$30 million–HK$40 million over ten years.
The eMPF was introduced in June 2024 and became fully operational at the end of last year.
Ayesha Macpherson Lau, chairman of the MPFA, says the current fee of 0.37% was already down from the 0.58% at the launch.
“Further reducing the fee represents a halving of the MPF scheme’s administration fee previously charged by [MPF] trustees,” she says.
According to Lau, fees have dropped faster than expected because eMPF Company, the platform manager, operates as a non-profit, and the platform design is standardised, streamlined and automated.
Launched in 2000, the MPF had around HK$1.53 trillion of assets as of end-2025.
