What Hongkongers need to know about the latest changes to the MPF scheme

Hong Kong employees will have better control over the management of their compulsory retirement savings under the Mandatory Provident Fund (MPF) starting from December 21. The new “full portability” mechanism comes after another major change in 2024, when the authority launched the eMPF platform, a centralised electronic platform to standardise, streamline and automate the administrative processes of the MPF scheme, marking the start of the MPF digital era. The South China Morning Post looks at.