The Mandatory Provident Fund

Introduction

What is the Mandatory Provident Fund (MPF)?

The MPF System was set up for retirement support. Employers and employees both contribute for the employees’ benefit,and the accrued benefits remain in the MPF until the employee reach the age of retirement. Every employer must ensure that all of their employees participate in the scheme.

If you want to know more about the MPF and its application, you can visit the website of the Mandatory Provident Fund Schemes Authority (MPFA) by clicking here.

Who manages the funds?

An MPF trustee has to appoint an eligible investment manager to manage the investment of the funds in an MPF scheme. There is legislation on the eligibility of such a manager.