Since the MPF was implemented over 24 years ago, total MPF assets have again reached a record high, surpassing $1.4 trillion as of the end of June, up 1.3x in the past 10 years, Ayesha MacPherson Lau, Chairman of the Mandatory Provident Fund Schemes Authority (MPFA), recently published a blog post saying.As of end-2024, there were 125,000 MPF accounts with $1 million or more, doubling from five years ago, demonstrating the long-term accumulation and compounding potential of the MPF System. Of which, 27,000 MPF accounts have accumulated $2 million or more, nearly double the number five years ago.