A new milestone in MPF YF Life Trustees Becomes the First Trustee in Hong Kong Onboarding the eMPF Platform
June 26, 2024
Today, YF Life Trustees becomes the first trustee in Hong Kong onboarding the eMPF Platform. The MASS Mandatory Provident Fund Scheme members and employers become the first in the market to use and experience the eMPF Platform. With the Platform, users can manage their MPF funds online, check MPF account balances, make MPF contributions, consolidate accounts, manage MPF investment portfolios and review investment performance and more, offering a convenient, fast and environmentally friendly way of managing MPF.
Mr. Victor Yip, Chairman of YF Life Trustees, said: "We have always adhered to our ‘people-centric, technology-empowerment’ approach. Customers are always at the centre of everything we do, thus we are committed to striving for better returns and creating value for them. Today, YF Life Trustees becomes the first trustee in Hong Kong to onboard the eMPF Platform, marking a new milestone in MPF services. With the unified, digitized, streamlined and automated administrative procedures of MPF schemes, not only does it enhance efficiency, but also brings about reduction in fees and charges, creating a win-win situation for trustees, employers and scheme members.”
Mr. Alvin Tse, Chief Executive Officer, YF Life Trustees, added: "Starting from September 26, the fund management fees of the 14 constituent funds of the MASS Mandatory Provident Fund Scheme will be reduced by as much as 34.1%, directly benefiting scheme members through fee reduction. Looking ahead, we will focus on trustee services, and will strengthen intermediary training and further optimize the performance of constituent funds, through searching for top-performing fund managers and new fund choices. All in all, we aim to provide our scheme members, employers and self-employed persons with professional and high-quality MPF services.”
The "eMPF" platform provides an online platform and a mobile application, allowing MPF scheme members, employers and self-employed persons to freely choose the way that suits them best. The eMPF Platform enables Scheme members, employers and self-employed persons to manage their MPF accounts anytime, anywhere, from making MPF contributions, consolidating MPF accounts, managing investment portfolios, reviewing investment performance, submitting online instructions for fund switching, transfer and benefits withdrawal requests and more, on one single platform.
