MPFA publishes 2025-26 Annual Report; assets top $1.5tn

MPFA and its wholly owned subsidiary, eMPF Platform Company Limited (eMPF Company), published their 2025-26 Annual Reports on 1 September. Released as MPF marks its 25th anniversary, the reports review the year’s key initiatives and headline figures.

Total assets exceed $1.5 trillion

In the MPFA Annual Report, Chairman Mrs Ayesha Macpherson Lau noted that total MPF assets exceeded $1.5 trillion as at end-March 2026 — an increase of more than 150% over the past decade. Total contributions reached $91.23bn in the 2025-26 financial year, exceeding $90bn for the second consecutive year, with voluntary contributions accounting for 26% of the total.

eMPF fully onboarded

As the most significant MPF reform to date, the eMPF™ Platform entered its final onboarding phase. Following the last scheme’s join in April, all 24 MPF schemes are now live, covering over 280,000 employers and nearly 5 million members. eMPF administration fees were cut from 37 to 29 basis points (0.37%→0.29%) — half the pre-launch average — and the Legislative Council approved phase-one amendments for MPF full portability.

On the global stage

MPFA will host the IOPS Annual General Meeting in Hong Kong this December and co-organise a global private-pensions forum with the OECD. For the financial year, MPFA recorded a surplus of about $2.19m (its second consecutive surplus), while eMPF Company posted an $1.189bn surplus to be held as operating reserves — to be used for further fee reductions for members once adequate reserves are built up.