China Life Overseas joins MPF price war with 10%+ fee cut on balanced fund

The MPF market’s latest price war is being fought not by the dominant giants but by smaller players. China Life Overseas — sister company of China Life (02628), ranked 18th by market share — is joining the fray with two moves: cutting fees on its balanced (mixed-asset) funds by over 10%, and launching a special voluntary contribution (SVC) plan with monthly minimums from HK$200, aiming for the city’s lowest entry threshold.

When do the cuts take effect?

Together with the SVC launch — no firm date yet. A China Life Overseas spokesperson said the new fees will roll out alongside the special voluntary contribution plan. It is the second trustee to slash prices after BEA Trustees cut fees on three MPF funds by 32%–34%.

What is a special voluntary contribution?

Loyal members with no preserved account can still pick their trustee. The SVC targets members with no preserved account (old accounts left behind after job changes) and loyal non-switchers, letting them choose their preferred trustee before the Employee Choice Arrangement (giving employees the right to move their own contributions, expected mid-next year) arrives. To make voluntary top-ups accessible to grassroots workers, the monthly minimum drops to HK$200–300.

For an MPF fund fees comparison, visit MPF fund comparison.