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Hong Kong MPF administration fees down by 36% since launch of digital platform

Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson Lau warned on Sunday that the next phase of migration onto the platform would be “very challenging”, as moving large volumes of data from the city’s four...


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