Printer Friendly

Hong Kong : Appointments to Mandatory Provident Fund Schemes Advisory Committee and Mandatory Provident Fund Schemes Appeal Board.

The Government announced (October 26) appointments to the Mandatory Provident Fund Schemes Advisory Committee (MPFSAC) and the Mandatory Provident Fund Schemes Appeal Board (MPFSAB).

The Chief Executive, in exercise of her authority under the Mandatory Provident Fund Schemes Ordinance (MPFSO), has appointed Mr Ip Kwok-him as Chairman of the MPFSAC for a term of two years, from November 1, 2018 to October 31, 2020, both dates inclusive.

At the same time, the Financial Secretary, in exercise of the authority under the MPFSO delegated to him by the Chief Executive, has reappointed Mr Stewart Wong Kai-ming, SC, as Chairman of the MPFSAB. He has also appointed three new members, namely Mr Chow Luen-kiu, Ms Tam Kam-lin and Ms Lily Wong, and an incumbent member, Ms Belinda Luk Kwai-sim, to the MPFSAB. All appointments will take effect from November 1, 2018 to October 31, 2020 for a term of two years, both dates inclusive.

The Secretary for Financial Services and the Treasury, Mr James Lau, welcomed the appointment of Mr Ip to the MPFSAC. "Mr Ip was a member of the Management Board of the Mandatory Provident Fund Schemes Authority (MPFA) between 2011 and 2017. He has a wealth of experience and expertise in the Mandatory Provident Fund (MPF) System. We believe that the MPFSAC, under his leadership, will offer valuable advice to the MPFA and contribute to the continuous improvement of the MPF System," he said.

Welcoming the appointments to the MPFSAB, Mr Lau said, The MPFSAB is made up of distinguished members from various sectors. I believe the MPFSAB will continue to uphold its impartiality under Mr Wong's chairmanship. I am also confident that the newly appointed and re-appointed members will contribute to the ongoing, effective operation of the MPFSAB.

He also thanked the outgoing MPFSAC Chairman, Mr Wong Ting-kwong, and the MPFSAB members, Mr Ng Chau-pei, Ms Ng Wai-yee and Mr Jeff Wong Kwan-kit, for their valuable contributions.

The MPFSAC is a statutory body established under section 6R of the MPFSO, which advises the MPFA with respect to the operation of the MPFSO as well as the effectiveness and efficiency of the MPFA.

[c] 2018 Al Bawaba ( Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Oct 27, 2018
Previous Article:United States : Andy Koss, Drax Power CEO, comments on ippr North energy report.
Next Article:Hong Kong : Government announces appointments to Hong Kong Tourism Board October 26, 2018.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters