How Did K C Chan Judge MPF’s First Decade?

What did K C Chan say about MPF’s ten years in 2010?

In December 2010, Financial Services chief K C Chan said MPF’s decade had built HK$345.7 billion for nearly 2.5 million employees and self-employed, with a 5.1% average return after fees — above inflation; there was room to improve, and reviews with the MPFA would continue. LegCo debated a full MPF review that day.

What was the improvement agenda?

Follow-ups on specific areas including fees and operations, in consultation with LegCo, to make the system better.

How to keep returns ahead of inflation?

Compare long-term fund returns at MPF fund comparison and build an inflation-beating mix.