The development of the Mandatory Provident Fund (MPF) over 25 years has seen participation rates increase from about 30% to 100%, with asset size surpassing HKD 1.5 trillion

The Mandatory Provident Fund Schemes Authority and Ernst & Young released a report reviewing the 25-year development of the Mandatory Provident Fund system, noting that participation rates increased from about 30% to 100%, and the asset scale surpassed HKD 1.5 trillion, growing by 130% compared to 10 years ago. The report pointed out that the Mandatory Provident Fund has improved income security for the elderly, with the net income replacement rate rising to 41.5%. It recommends that the government and all parties work together to enhance retirement protection, review contribution rates, encourage voluntary contributions, and promote product innovation and improve the retirement planning experience