There are three types of MPF schemes, which are Master Trust schemes, Employer-sponsored Schemes and Industry Schemes. Master trust schemes is that the membership is for the employees who has more than one employer and also for self-employed persons. The aim is to be economical to spread the cost among all participating employers and employees. Employer-sponsored scheme is the membership restricted to the employees who have only one single employer. The feature of this is usually to cater for some huge company that needs tailored-made services. The last one is that membership is established for the workers in the industries of catering and construction. So when they change their job in different companies, they do not have to change scheme or join another scheme as long as that job is still remained in the same industry in order to save more administrative costs. First and the foremost, the MPF schemes generate abundant opportunities and employments in the financial industry sectors. To deploy the whole scheme for the investors and the insured, the company must have human resources to be managed in different departments, such as sales, administration, etc. All of these created a great deal of jobs opportunities. For the services each individual provided, it generates benefits to both insured and the intermediaries, who provided of the plan and the certain amount of commission that are made under this scheme respectively.

With the establishment of Mandatory Provident Fund Schemes Authority, they protect this industry that one of their mission is to regulate and supervise privately managed schemes. They also educate the working populations about the sense of saving for retirement. Besides, the four-tier protection ensures that the employees will get the benefits what they should get after the age of 65. They are stringent approval and registration criteria for