Ayesha Macpherson Lau

Ayesha Macpherson Lau is the chairwoman of the Mandatory Provident Fund Schemes Authority (MPFA) in Hong Kong. She is currently newsworthy due to several significant developments related to the MPF. The MPFA is proposing a two-tier surcharge system for employers who are late in contributing to their employees' pension accounts. Additionally, the eMPF platform is set to reduce administration fees by 21.6% from April, projected to save US$6.4 billion over 10 years. Lau has also indicated that the MPFA is considering raising MPF contribution thresholds, which have been frozen for 13 years, and has been consulting with stakeholders. Finally, in response to recent scams, the MPFA has tightened online security measures by scrapping an electronic verification system used to open accounts, as stated in Lau's blog post. These actions highlight Lau's role in overseeing and reforming Hong Kong's pension system.