Part 1: MPF Full Portability
Overview of MPF Full Portability
- Background and objectives of implementation
- Transfer mechanism under Phase One MPF Full Portability
- Key factors to consider when making decisions on transferring MPF benefits
- Frequently Asked Questions (FAQs) and answers
Conduct requirements that MPF intermediaries (MPFIs) should pay special attention to in relation to MPF Full Portability
- Know your client
- Information on MPF schemes / funds
- Information on transferring out of guaranteed funds
- Information on transferring MPF schemes
- Rebates, gifts and incentives
Part 2: Compliance Issues for MPF Intermediaries
- Unauthorized Use of MPFA or its subsidiary’s Name and / or Logo
- MPFA does not allow any third party to use or exploit the name or logo of the MPFA or its subsidiary, by whatever means or pretexts, for any improper, ulterior, commercial or unauthorized purpose(s)
- Implement robust risk management and supervisory controls when assessing and approving sponsorships and advertising placements
- Requirements for E-learning Activities to be Recognized as Continuing Professional Development Activities
- Proper login system to verify the identities of participants
- Measures to track participants’ login time and activities undertaken
- End-of-activity Assessment
- MPF Account Information Enquiry Service for Scheme Members
- MPFIs supporting clients in eMPF Registration and Adoption
- Points to Note when principal intermediaries act as authorized persons to make use of MPF Account Information Enquiry Service
