what-to-do-about-the-mpf

What to do about the MPF?

New ideas raised at a seminar organised by AsianInvestor.
August 02, 2006
The asset management industry in Hong Kong debated a number of ideas on how to improve the Mandatory Provident Fund MPF system and the territoryÆs retirement regime at a seminar held Wednesday July 26 that was sponsored by AsianInvestor magazine.

Mercer Human Resource Consulting presented arguments from its proposal for reviewing the MPF, based on the winning entry of a competition held earlier this year by AsianInvestor.

The majority of the audience agreed that the MPF is a viable starting point for meeting Hong KongÆs retirement needs perhaps because so many of their jobs depend on the MPF, but comments revealed the current system has flaws and weaknesses.

The Hong...
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