Thank you.
Good afternoon, everyone.
On June 3, 2024, Aileen Calverley, co‑founder and chair of Hong Kong Watch, told this committee that some Hong Kongers in Canada had been prevented from accessing their own retirement savings in the mandatory provident fund, or MPF.
Ms. Calverley told us that research carried out by her organization shows that over 80% of Hong Kongers surveyed who moved permanently to the United Kingdom and Canada and who applied to withdraw from the MPF had their applications rejected.
Yet, according to Sun Life data, between 2021 and the first quarter of 2024, the company rejected 1.2% of the 14,590 applications received from Hong Kongers around the world for failure to meet criteria or for minor administrative reasons.
Mr. McNamee, does your department have the figures for MPF withdrawals? If so, what prompted the rejection of the applications?