MPF
Business-Lines Insurance
The Mandatory Provident Fund (“MPF”) system was introduced by the government of the Hong Kong in December 2000 to aid the public with a provision of a retirement reserve. The MPF is Regulated and monitored by the Mandatory Provident Fund Schemes Authority (“MPFA”). It is one of the pillars for old age protection in Hong Kong, complementing a social safety net, private savings, and insurance. It provides retirees with retirement reserve to cover their basic financial needs.
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