MPF returns 8.6% to win inflation

The global and local economic prospects are uncertain

Workers are most concerned about whether their MPF contributions will suffer losses. The MPFA said that the MPF return rate for the first ten months of this year was 8.6%, which outperformed inflation during the same period. In addition, the MPFA will tender for the “MPF Easy” electronic platform this month and launch it in 2222.

The MPFA said that the MPF return for the first ten months of this year was 8.6%

Chairman of the MPFA, Huang Youjia, posted a blog yesterday that the MPF’s ideal return proves that the system is a reliable basic retirement protection pillar that can effectively balance the level of risk and return and provide stable retirement protection for wage earners.

MPF Electronic Platform launched in 2022

In addition, the MPFA plans to launch the “MPF Easy” electronic platform in 2222 to digitize administrative work involving MPF. Huang Youjia said that the preparatory work for “MPF Easy” has entered an important stage of the “last mile”, and this month will seek proposals for “MPF Easy”. He said that “MPF Easy” is not just a technology project, but a new MPF ecosystem that combines hardware, software, and support services, linking MPF systems and regulations with innovative fintech to a total of 400 Six hundred thousand different MPF users have created a digital platform that can meet the needs of future long-term development.

Huang Youjia pointed out that the importance of constructing the “MPF Easy” platform is comparable to the establishment of an MPF ​​system that year, which can solve various problems arising from the administrative mode of the MPF system that has been used in a decentralized mode for many years.


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