Academics, Lawmakers Urge MPF Fee Regulation

Why regulate?

PolyU’s Chung Kim-wah slams fees: some products charge up to 4%, guaranteed funds especially pricey — a full review is overdue. Assets have ballooned, leaving room to cut; without cuts, asking members to contribute more just enriches managers. FTU’s Wong Kwok-kin proposes fee caps or performance-linked fees.

What does the industry say?

The investment funds association agrees MPF alone won’t fund retirement, suggesting tax breaks to encourage 2.5% extra voluntary contributions from each side. Find fairly priced funds on MPF fund comparison.