MPF at Ten: Protection or Misplaced Trust?

Does MPF really protect retirement?

Launched in December 2000 to tackle ageing and share retirement costs between employers and staff, MPF now covers 87% of workers and enjoys broad support — yet faces charges of misplaced trust. Commentators say the MPFA’s expert-led design looks flawless from outside, but high fees, low returns and offsetting have soured a well-meant system.

How can workers protect themselves?

Systemic reform takes time, but personal action starts now. Instead of passively paying high fees, compare fund fees and performance and use Employee Choice rights to vote with your savings.