The MPFA regulates the operations of mandatory provident fund (“MPF”) schemes and occupational retirement (“ORSO”) schemes in accordance with the provisions under the MPF and ORSO legislation, as well as relevant codes and guidelines. The MPFA also issues circulars, standards and best practice notes to give guidance to the industry.
The MPFA is a statutory body established in 1998 under section 6 of the Mandatory Provident Fund Schemes Ordinance (“MPFSO”) (Chapter 485, Laws of Hong Kong). The prescribed savings rates for the purposes of section 37(8) of the Mandatory Provident Fund Schemes (General) Regulation are available from 2000-2015.
For this data source, RIMES hosts the Prescribed Savings Rate Index, which includes:
Some of the data items available include:
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