,Hong Kong

New appointments for the Mandatory Provident Fund Schemes Advisory Committee

The Government has also appointed new members to the Process Review Panel on regulation of Mandatory Provident Fund Intermediaries.

The Hong Kong government has made appointments to the Mandatory Provident Fund Schemes Advisory Committee (MPFSAC) and the Process Review Panel (PRP) in relation to the regulation of Mandatory Provident Fund Intermediaries.

Financial secretary Paul Chan Mo-po has appointed Loretta Fong Wan-huen, Billy Mak Sui-choi and Helen Zee as members of the MPFSAC, and reappointed seven incumbent MPFSAC members: Karson Choi Ka-tsan, Chow Yuen-yee, Lee Wing-man, Pan Pey-chyou, Philip Tsai Wing-chung, Winnie Wong Chi-shun and Emil Yu Chen-on.

“I am confident that the MPFSAC will continue to tender wise counsel to the Mandatory Provident Fund Schemes Authority (MPFA) in its pursuit of enhancement to the MPF System,” financial services and treasury secretary Christopher Hui said.

The appointments and reappointments on MPFSAC will take effect on 30 March for a term of two years.

Meanwhile, Chan has reappointed Allen Lau Kai-hung and Grace Yu Ho-wun as PRP members, which will take effect from 1 April for a two-year period.

“Leveraging on the professional knowledge of members, I am confident that the PRP will continue to provide constructive suggestions to the MPFA on enhancing the effectiveness of the regulatory regime on MPF intermediaries," Hui said.

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