The Pension Schemes Association (PSA)  successfully concluded its Annual Dinner 2023 at the China Club on 12 September 2023. The event was attended by over 110 guests, including senior management from MPFA, guests from MPF scheme sponsors, trustees and fund houses.

The event was opened by Ms. Rainbow Pan, Chairwoman of the PSA, who thanked everyone for their support of the event. Ms. Pan highlighted that the theme of the event as “Getting Ready for eMPF” and shared her view that the eMPF platform will bring along tremendous opportunities for MPF stakeholders. Specifically for MPF sponsors, who will be encouraged to keep differentiating their products through fund performance and excellent member service.

The highlight of the evening was a keynote speech delivered by Mr. Cheng Yan Chee, Managing Director of MPFA. Mr. Cheng shared the major development milestones of the eMPF System over the last 25 years and introduced the six major areas that will be the focus of the MPFA. These areas include 1) the abolition of the offsetting arrangement, 2) improving investment returns, 3) lowering fees, 4) reviewing the minimum and maximum relevant income levels, 5) encouraging voluntary contributions as well as 6) launching the eMPF Platform. Other honourable attending guests from the MPFA were Ms. Cynthia Hui, Chief Operating Officer, Mr. Eric Cheng, Executive Director (Policy), Mr. Joseph Lee, Director of Product Regulation and Ms. Ginni Wong, Director of Supervision. The event was hosted by the PSA Board of Directors which besides Ms. Pan included Ms. Elaine Lau, Ms. Charlotte Chan, Mr. Roderick Koliloedjoer and Mr. Tak Chi Wong. 

Later in the evening, the Partner (Technology Consulting) of Ernst & Young (EY), Mr. Chris Barford shared some of his insights in terms of how the eMPF platform will revolutionise the MPF System. These insights, which focused on what members and employers need to know to get ready for the eMPF, are part of a joint PSA/EY thought leadership paper which was announced to be issued shortly. 

This was followed up with a thought-provoking panel discussion focusing on the themes of ‘Getting Ready for eMPF’. The panellists vividly exchanged their views on the opportunities and challenges that the eMPF platform will bring along. The panellists included Ms. Rainbow Pan, together with 2 other PSA directors, Mr. Roderick Koliloedjoer and Mr. Tai Chi Wong, as well as Mr. Chris Barford. 

Last but not least, the momentum of the evening was lifted up by the lucky draw with lots of fun and laughter. As the dinner drew to a close, the PSA started getting ready for a new chapter by looking forward to another fulfilling year.