Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) is stepping up efforts to detect fraudulent certificates used for early withdrawal of pension contributions after two medical groups reported suspected cases to police in recent weeks. Responding to an inquiry from the South China Morning Post, an authority spokesman said its online platform had recently identified…
Hong Kong’s workers and employers may have to pay more into the Mandatory Provident Fund, as the pension regulator considers calls to raise the contribution threshold, which has remained unchanged for 13 years. Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Authority (MPFA), said in her blog on Sunday that the body had consulted…
Strong investment gains and contributions brought total Mandatory Provident Fund (MPF) assets to an all-time high of HK$1.55 trillion (US$199 billion) at the end of 2025, a growth of HK$260 billion from a year earlier, according to the data released on Tuesday by the city’s pension regulator. That meant each of the 4.79 million MPF…
Cybersecurity experts have urged Hong Kong residents to prioritise the use of an official one-stop digital identity app to register their accounts on the city’s new centralised pension fund platform to prevent theft after scammers stole HK$1.8 million. Some also questioned why the Mandatory Provident Fund Schemes Authority (MPFA), which manages the eMPF platform, did…
The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator. The year-to-date net investment return of the MPF stood at 15 per…