Hong Kong Provident Fund Council: Fully Cooperate in Studying the Specific Plan for “Full MPF Travel”

Zhitongcaijing · 10/16 07:34

The Zhitong Finance App learned that the Hong Kong 2024 Policy Address mentioned that it will implement “full freedom of MPF travel” and submit it to the Hong Kong Provident Fund Council to study specific plans. In response, the Chairman of the Hong Kong Provident Fund Council, Lau Mak Ka-suen, said that the reform measures will enhance employees' autonomy, allow employees to transfer the accrued benefits of mandatory employer contributions to optional plans, support employees to more actively manage their MPF investments, stimulate competition in the MPF market, push trustees to continue to reduce fees, enhance fund performance and service quality, and provide employees with better retirement protection.