Fund Manager: MPF Fee War Not Over — Members Keep Benefiting

Fund manager Lau Ka-shi said in February 2011 that the MPF fee war would continue, and members would keep reaping the benefits of cuts.

Why will the fee war go on?

Competition and regulatory pressure haven’t let up. After big banks led fee cuts, rivals must follow to defend market share; the MPFA keeps pressing trustees on cutting progress. Member choice will only sharpen competition further.

How do members benefit?

Direct savings, bigger retirement pots. Each percentage point off fees compounds into a large difference over decades. Members benefit sitting still; when changing jobs or consolidating, they can actively pick low-fee plans.

What else matters when choosing funds?

Don’t look at fees alone — performance and service count too. Cheap but poor-performing isn’t a bargain; weigh fees, track record and trustee service together. Compare MPF funds’ fees and track records at MPF fund comparison.