How Much Further Can MPF Fees Fall?

What did Anna Wu say in 2011?

In 2011, MPFA chairwoman Anna Wu said MPF fees still had room to fall, expecting the mid-2012 Employee Choice Arrangement to intensify competition and drive cuts. The MPFA would keep pushing fee transparency, she added.

Why are fees so hard to cut?

Trustees cite high costs and small scale; critics say fees long exceeded market rates with only token cuts. Semi-portability is the biggest catalyst — employees voting with their feet will drain high-fee providers.

What can workers do now?

Don’t wait for 2012 — compare who’s cheapest and best-performing today at MPF fund comparison.