MPF System – Development, Updates and Governance Issues of Pension Trustees
In this MYGO Series talk, we are pleased to have Ms Alice Law, Chief Operating Officer and Executive Director of Mandatory Provident Fund Schemes Authority (MPFA), to share on the following:
- Overview of recent reform initiatives to enhance the mandatory provident fund (MPF) system and latest market development
- Global regulatory trend on good governance
- How good governance of trustees is key to deliver better value for money for MPF members
LAW Shing Mui
Ms Alice Law joined the Mandatory Provident Fund Schemes Authority (MPFA) as Chief Operating Officer and Executive Director in July 2012. Her current portfolio in MPFA includes supervision of MPF trustees, intermediaries and enforcement of the law and regulations governing MPF operations. Since joining MPFA, she was tasked with the implementation of the Employees' Choice Arrangement and the recent launch of Default Investment Strategy across all MPF schemes. She also initiated a market-wide campaign to promote stronger governance and compliance culture amongst MPF providers. Before joining MPFA, she spent over 14 years serving in various departments of the SFC including corporate finance, intermediaries and investment products and China policy. Prior to joining the public sector, she was a partner with the commercial and corporate department of a Hong Kong law firm. She is a member of the World Economic Forum’s Global Future Council on the Future of Financial & Monetary Systems.