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Scrapping HK MPF would be a “colossal mistake”

Richard Newell
As Hong Kong weighs proposals for a universal pension, industry experts discussed how the city's Mandatory Provident Fund might be reformed. The city's chief secretary contributed to the debate.
Scrapping HK MPF would be a “colossal mistake”

Hong Kong’s retirement savings scheme, the Mandatory Provident Fund (MPF), may be deeply flawed, but fundamental reform would better than scrapping it, argued Richard Jackson, president of the Global Aging Institute, speaking at the Asia Pacific Pensions Forum this week.

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