| The Chairwoman of the Mandatory Provident Fund Schemes Authority, Anna Wu, has said she hopes MPF management fees will come down, with the launching of a new scheme allowing employees to change their trustees once a year.
Ms Wu acknowledged that management fees had dropped somewhat in the past few years, but that the extent was not satisfactory.
She said the MPFS Authority would submit a report to the government next month, on whether it’s possible to cap management fees by means of legislation. |
