The Mandatory Provident Fund Schemes Authority is inviting views from the public on its proposals to improve the content of annual benefit statements.

Its just released consultation paper aims proposes provide scheme members with clearer information to help them better understand their accounts details and better manage their MPF affairs. The consultation period will end on August 18.

After consulting the MPF industry, labour unions, the Consumer Council and academics, and referring to overseas experience - including the Organisation for Economic Co-operation & Development's Recommendations on Core Principles of Occupational Pension Regulation - the authority has suggested the following information be provided in annual benefit statements:

* details about contributions and transfers of assets;

* details about fund transactions;

* information on investment performance of individual member accounts;

* standardised terms and the flow of calculation for key summary figures; and

* a cautionary statement about exit values at withdrawal.

Anyone wishing to express their views on the consultation paper can send them before August 18 by mail to the Investment Regulation Department, Mandatory Provident Fund Schemes Authority, 21/F, One International Finance Centre, 1 Harbour View Street, Central; by fax to 2259 8331; or by email to winniechan@mpfa.org.hk.

Copies of the consultation paper are available at the Home Affairs Department's Public Enquiry Service Centres and the MPFA office at 5/F, One International Finance Centre, 1 Harbour View Street, Central. The paper can also be downloaded from the Authority's website.