Events listed in [MPFA] Mandatory Provident Fund Schemes Authority
MPFA publishes Annual Report 2022-23
ID 24476
The Mandatory Provident Fund Schemes Authority (MPFA) has issued a press release announcing the publication of its annual report for 2022-23. Therein, the Authority outlines its regulatory efforts, supervisory focus, and enforcement actions during the past year. The report also presents statistical data on diverse issues, such as the number of licenses held by Mandatory Provident Fund Scheme (MPF) trustees and intermediaries at financial ...
MPFA Blog – eMPF Platform targets full operation in 2025
ID 24230
On July 16, 2023 the Mandatory Provident Fund Schemes Authority (MPFA) published a press release in relation to the upcoming eMPF Platform which seeks to „standardise, streamline and automate the administration processes of Mandatory Provident Fund (MPF) schemes“. In the statement, MPFA Chairman Mrs. Ayesha Macpherson Lau provides an update on the progress of the eMPF Platform project, which is regarded as the largest ...
Guidance Note on Conducting Sales by Unsolicited Calls
ID 23521
The Mandatory Provident Fund Schemes Authority (MPFA) has issued another Circular (SU/CCO/2023/002) in relation to firms and individuals engaged in the distribution of Mandatory Provident Fund (MPF) shares, thereby utilizing telemarketing. The circular includes a so-called „Guidance Note on Conducting Sales by Unsolicited Calls“ which stipulates some basic requirements for intermediaries to comply with when making unsolicited calls (by the client unauthorized call ...
MPFA shares MPF management tips in an online programme
ID 23308
The Mandatory Provident Fund Schemes Authority, MPFA, has published a press statement to inform of a recent interview conducted by the Hong Kong Economic Times‘ YouTube channel program called „退休積滿Fund. The interview was made with Mr. Eddy Chan, the General Manager (External Affairs) of the MPFA. In the interview, Mr. Chan provided tips on managing and investing in MPF and introduced various digital tools ...
MPFA welcomes the announcement of the effective date of the abolition of the ...
ID 23043
The Mandatory Provident Fund Schemes Authority, MPFA, has published a press statement to commend on the announcement of an effective date of the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Ordinance 2022. The Ordinance will no longer permit employers to use accrued benefits under the Mandatory Provident Fund scheme resulting from mandatory contributions to offset severance payments (SP) / long service payments (LSP) ...
Further Guidance Concerning Findings of Mystery Shopping Programme on Selling ...
ID 21716
Following the publications of the findings from a recent mystery shopping program in connection with intermediaries engaged in the sale of Qualifying Deferred Annuity Policies (QDAPs) and Tax-Deductible Voluntary Contributions (TVCs) in December 2022 (please see EventID 19133 in this context for more information), the Mandatory Provident Fund Schemes Authority (MPFA) has now published a follow-up circular in this context. Therein, the MPFA provides ...
Review of the Implementation of Governance Principles by MPF Trustees
ID 21611
The Mandatory Provident Fund Schemes Authority (MPFA) has issued a circular addressed at trustees of mandatory provident fund schemes (MPFs) to present the findings from a recent review of trustees‘ governance principles and practices. Specifically, in 2018, the MPFA issued a general set of principles that stipulate core governance obligations of MPF trustees in terms of Board composition and oversight, monitoring of MPF valuations, ...