What did 2011 compilations show?
Compiling major newspapers: 2.45 million employees in MPF — 71% of the 3.49 million workforce; after ten years, total assets exceeded HK$345.7 billion — 1.5 times annual government spending and 23 times the HK$15 billion yearly fruit money plus elderly CSSA. Since 1 December 2000, returns after admin fees were 5.1%; funds charged about 2% in management fees on average.
What’s the takeaway?
MPF is Hong Kong’s biggest retirement pool; a 2% fee drag eats returns — choosing low-fee funds matters.
What can workers do?
Compare fees and performance at MPF fund comparison — don’t let high fees eat your retirement money.
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