Regulator Unveils Plan for Migration to eMPF Platform: Smallest Firms First, HSBC Last

Monday, 18 March 2024, 10:40

The Hong Kong pensions regulator has revealed the migration plan for the eMPF Platform, with the smallest MPF providers like YF Life Trustees set to go first and giants like HSBC scheduled to migrate by end-2025. This phased approach aims to ensure a smooth transition for all pension firms, with a focus on small providers initially before moving on to larger institutions like HSBC.

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Regulator Unveils eMPF Platform Migration Plan

The Hong Kong pensions regulator has announced the timeline for migrating pension firms to the eMPF Platform, with the smallest providers being the first to transition.

Phased Approach for Migration

Small Providers First: YF Life Trustees to migrate early
Largest Provider Last: HSBC to migrate by end-2025

This strategy aims to ensure a seamless transition for all firms, prioritizing smaller providers before moving on to bigger institutions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.