New MPF Platform Will Slash Admin Costs: Govt
"); jQuery("#212 h3").html("
"); });
2022-03-30 HKT 16:03
Share this story
Secretary for Financial Services and the Treasury Christopher Hui says a future "one-stop shop" online platform for the Mandatory Provident Fund is expected to cut admin costs by 30 percent.
The eMPF platform, for members to manage their accounts online and through mobile applications, is scheduled to be rolled out next year and become fully operational by 2025.
Hui said some HK$30 billion in admin costs could be avoided a decade after the platform's full launch.
The minister also said he hopes the legislature can pass a bill this year that will provide tax relief for firms running family investment management.
Hui was speaking on RTHK's Overview Policy programme which is to be broadcast on Wednesday evening.
Democrat Candidate In Key Senate Race Reiterates Cost-Of-Living Message Ahead Of Midterms, Dismisses 'Faith'-Related Attacks
Abdul El-Sayed, who is running for Senate against Republican Mike Rogers in Michigan, said that his opponent's only stra... Read more
Sanders Calls For Criminal Prosecution Of AI CEOs After Model Submitted A False Homicide Tip To Police
Two-time presidential candidate Bernie Sanders made the statement after news emerged that an Anthropic AI model sent the... Read more
Palestinian Authority Postpones Elections, Citing Israeli Restrictions. Israel Denies The Charges.
Palestinian President Abbas said that long-awaited legislative elections, due to be held in November, would be postponed... Read more
Riyadh Airport Evacuated After Houthi Strike. This Is The Latest In A Series Of Attacks Against Saudi Aviation.
The Houthis hit Terminal 3 of the King Khalid International Airport of the Saudi capital of Riyadh on Saturday, just day... Read more
Meme Coin Rug Pulls Keep Burning New Buyers: $MT Launchpad Now Publishes Their Code First
Rug pulls keep costing meme coin buyers. Launchpads like MemeToro now publish their contract code first. Here's what to ... Read more
U.S.-Russia Diesel Agreement Angers Zelensky. Russia Attacked After The Deal Was Announced.
The Ukrainian leader called the agreement between Moscow and Washington, which will see hundreds of thousands of tons of... Read more