Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) has formed an expert group to help smoothen the second phase of migration of trustees onto the eMPF centralised digital platform.
Five of the 12 Mandatory Provident Fund trustees have been onboarded to the platform since it became operational last June. The rest will be migrated to the platform in the second phase starting next month.
The expert group aims to improve the eMPF’s operations, the MPFA, supervisor of the MPF industry, says in a statement on February 17.
The six-member group comprises information technology experts, management of large technology or digital platform companies, a representative of an IT trade group, and a university scholar.
“The establishment of the group serves to offer relevant professional opinions to help the project team address any upcoming challenges, thus providing better services and experience to users,” the MPFA says.
The MPF is Hong Kong’s largest public retirement scheme, with around HK$1.3 trillion (US$166.4 billion) of assets as of end-2024.