What is the MPF Scheme?

The Mandatory Provident Fund (MPF) is a mandatory social security scheme in Hong Kong designed to provide retirement savings for employees. Established under the Mandatory Provident Fund Schemes Ordinance, it requires employers and employees to make regular contributions to approved pension schemes managed by trusted entities known as MPF Approved Trustees.

Importance of MPF in Hong Kong

The MPF scheme plays a critical role in Hong Kong’s financial and social landscape:

• Retirement Security: Ensures workers have a financial safety net for retirement, reducing reliance on personal savings or government support.
• Economic Stability: Encourages long-term savings and investment, contributing to the stability and growth of Hong Kong’s economy.
• Mandatory Participation: Covers most employees and self-employed persons aged 18 to 64, ensuring broad protection across the workforce.
• Regulated Framework: Managed by the MPFA, it provides oversight to protect members’ interests and ensure funds are invested responsibly.

By participating in MPF, individuals build a foundation for a secure retirement, making it a cornerstone of Hong Kong’s social welfare system.

Role of MPF Approved Trustees

MPF Approved Trustees are financial institutions or companies authorized by the Mandatory Provident Fund Schemes Authority (MPFA) to manage MPF schemes. Approved pursuant to Section 20 of the Ordinance, these trustees are responsible for:

• Administering MPF schemes and ensuring compliance with regulations
• Investing contributions in approved funds to grow retirement savings
• Providing customer services, such as account management and support
• Maintaining transparency and reporting to scheme members

For detailed customer service information, visit the Overview of Customer Services on the MPFA website.

How to Enroll in an MPF Scheme

Enrolling in an MPF scheme is straightforward and depends on your employment status. Here’s how:

• For Employees:
  1. Your employer is responsible for enrolling you in an MPF scheme within 60 days of employment start.
  2. Employers select a trustee and scheme from the MPFA-approved list.
  3. Contribute 5% of your monthly relevant income (up to a cap, e.g., HKD 1,500 as of 2025), matched by your employer.
  4. Receive scheme details, including fund options, from your trustee.
• For Self-Employed Persons:
  1. Choose an MPF trustee and scheme from the approved list below.
  2. Contact the trustee directly to enroll within 60 days of becoming self-employed.
  3. Contribute 5% of your relevant income (subject to minimum and maximum levels set by MPFA).
  4. Submit contributions monthly or yearly, as per the trustee’s process.
• Additional Steps:
  1. Review fund options (e.g., conservative, growth) offered by your trustee.
  2. Monitor your account via the trustee’s portal or statements.
  3. For help, contact your trustee or visit the MPFA website for guidance.

Visit MPFA Public Register for more details or to confirm trustee legitimacy.

List of MPF Approved Trustees

Below is a table of MPF Approved Trustees as of 02 June 2025, sourced from the MPFA public register. These entities have been approved since the late 1990s, with most receiving approval on 30/10/1999 or shortly after.

Note: This list is based on data from the MPFA as of 02/06/2025. Some entries (e.g., repeated names like Cititrust Limited) have been consolidated for clarity. For the latest updates or movement of trustees in the last 12 months, check the MPFA Public Register.

Why It Matters

Choosing a reliable MPF trustee is crucial for securing your retirement savings. These approved trustees ensure your contributions are managed responsibly and invested wisely. Stay informed by regularly reviewing the MPFA’s public register and consulting with your trustee for personalized advice.