YF Life Trustees Becomes the first trustee in Hong Kong Onboarding to the eMPF Platform

May 2, 2024

Today, the MPFA announced that the eMPFA Platform (eMPFA) will be officially launched on June 26, 2024, which will centralize and digitalize all MPF schemes’ administrative processes, allowing users to manage MPF online at ease. YF Life Trustees and the MASS Mandatory Provident Fund Scheme will become the first trustee and the first MPF scheme in Hong Kong to onboard to the eMPF Platform respectively. Hence, the MASS Mandatory Provident Fund Scheme members and employers will be the first in the market to use and experience the eMPF Platform.

The MPFA has indicated that the eMPFA Platform standardizes, streamlines and automates various MPF scheme administrative tasks, thereby enhancing operational efficiency, making the management of MPF accounts more convenient and efficient. In addition, reduction in administration costs will benefit scheme members directly. The eMPF Platform will set a new milestone for MPF, promote the development of the MPF industry and pave the way for future reforms and evolution of the MPF System.

Mr. Alvin Tse, Chief Executive Officer, YF Life Trustees Limited, said: "YF Life Trustees has always been customer-centric and is committed to providing professional and high-quality MPF services to scheme members, employers and self-employed persons. We are very pleased that YF Life Trustees will become the first trustee to onboard to the eMPF Platform. Our scheme members and employers will be the first in the market to experience the new eMPF services and to manage their accounts through the one-stop digital platform. We will join hands with the eMPF Platform Company together to provide a full range of support services to ensure that scheme members and employers can get a good grasp of the new system, including educational videos, seminars for members and employers, and the eMPF Outreaching Service. Going forward, we will continue to strive for excellence and adhere to our commitment, and to carefully select constituent funds with different levels of investment returns and risks for scheme members in order to meet their investment needs and goals and to create value for them.”

In preparation for the official launch of the eMPF on June 26, YF Life Trustees has sent notices by post or email to all scheme members and employers, detailing the eMPF registration procedures and other relevant details.

The eMPF Platform provides a web portal and a mobile app, allowing MPF scheme members, employers and self-employed persons to manage their MPF accounts, make MPF contributions, submit instructions, consolidate personal accounts, review investment performance, submit fund switching, transfer and benefits withdrawal requests, and more, through one single platform.