Mandatory Pension Fund
Introduction
In 1994, the World Bank published the report "Averting the Old-Age Crisis: Policies to Protect the Old and Promote Growth", in which a three-pillar approach to protect the aged.
The three pillars were:
- A publicly managed, tax-financed social safety net;
- A mandatory, privately managed, fully funded contribution scheme; and
- Voluntary personal savings and insurance.
The MPF System in Hong Kong was designed to form the second pillar of this approach for retirement protection. The MPF System was launched in December 2000.
Managing MPF scheme
MPF is part of your asset. It is worth spending your time and effort to look after your asset.
You should know
You can also Contact Us for details about your MPF scheme.
Know Your needs
- Set clear investment goals
- Assess your own risk tolerance level
- Estimate your investment horizon
- Adjust your investment portfolio at different life stages
Know Your funds
- Understand the fund's investment objectives and instruments
- Assess investment risks
- Know the fund's features
- Take note of fees and charges
Know Relevant information
Fund's information
- Fund size
- Launch date
- Investment objectives
- Portfolio allocation
- Top 10 portfolio holdings
- Fund performance information
- Fund risk indicators
- Fund’s fee
- Joining fee and annual fee
- Transaction fees and charges
- Fund operating charges
- Fees and charges of underlying funds
- Fees and charges for additional services
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