Demonstration Johnny and Sumling@COLLAR act as employer and secretary of a company, demonstrating the registration function and usage of the eMPF Platform for employer....
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the development of this pioneering project aiming to standardize, streamline and automate the MPF scheme administration processes, thereby creating room for fee reduction and a predominantly paperless experience in the MPF System....
The eMPF Platform is built and operated by the eMPF Platform Company Limited, a wholly owned subsidiary of the Mandatory Provident Fund Schemes Authority (MPFA), to keep pace with the digital era and to facilitate future reform of the MPF system....
the “straight pass-on” requirement of the Bill stipulated that administration fee of MPF schemes charged by the trustees must not exceed the Platform fees they pay to the eMPF Platform Company, so the cost savings will be “passed straight on”, leading to a...
This video illustrates the steps for a scheme member to log in and manage eMPF settings (including retrieving username and resetting password), as well as updating personal particulars for MPF accounts on the eMPF Web Portal....
The jury panel recognized the MPFA’s commitment and efforts to develop the eMPF Platform, which marks a breakthrough in the digital transformation in the MPF industry, and exemplifies how fintech catapults the MPF industry into a new era of open architecture...
It is estimated that the project will achieve a cumulative saving of administration costs amounting to an estimate of $30 billion to $40 billion over a 10-year period....