Loading…
IIQEPrepStudyingPaper 1
Switch exam
MPF intermediaries
MPFMPF Intermediaries ExaminationIn which year did the World Bank expand its three-pillar framework for old-age protection into a five-pillar framework?
Answer: 2005. The three-pillar approach dates from 1994; in light of operational needs, it was expanded to five pillars in 2005.Why not the others:• 1994: 1994 is when the World Bank first recommended the three-pillar approach.• 2000: 2000 is when the MPF System started operating, not a World Bank milestone.• 2012: 2012 is when the statutory regime for MPF intermediaries was set up.Watch out: Candidates attach 1994 to the five-pillar model.Rule: Three pillars in 1994, five pillars in 2005.Source: MPF Study Notes, Tenth Edition (June 2026), 1.4
Candidates attach 1994 to the five-pillar model.
Practise more MPF exam Introduction to the MPF System questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Original study material written to the public MPF exam syllabus. Independent, not endorsed by the MPFA or any examination provider. Verify figures and rules against current guidance before relying on them.