How Expensive Are MPF Fees?

Why were MPF fees criticised in 2011?

In 2011, MPF’s average fund expense ratio had fallen to 1.85% — still six times Australia’s; after fees, the ten-year average annual return was 5.5%, with fees eating heavily into it. Over 2.4 million workers had accumulated HK$355 billion, layered with management, operating and guarantee fees.

Will the Employee Choice Arrangement cut fees?

The ECA, due in 2012, was expected to move nearly a million accounts and intensify competition; HSBC had already cut management fees in response to market pressure.

How to avoid high-fee funds?

Compare expense ratios at MPF fund comparison and pick low-fee, strong performers.