Universal-pension alliance video slams the MPF’s failings

The Alliance for Universal Pensions has released a promotional video laying out what’s wrong with the MPF: it doesn’t protect housewives or low-income earners; since the system began, some medium-large firms have turned the 5% contribution into a maximum; and sticking with 5-plus-5 contributions is “burying your head in the sand — it just doesn’t work”.

Why the passion?

His old-age pension pitch failed — and cost him his post. The video’s protagonist once promoted an old-age pension under British rule, but business and Beijing opposition killed it and he was transferred out. The irony, he says: the mainland already has retirement protection — the problem was urgent in the 1990s, and talking about it now is already too late.

To understand MPF coverage and contribution rules, visit MPF fund comparison.