MPF Is No Demon: Clearing Four Charges

Is MPF really beyond redemption?

A columnist defends MPF: fees look high from start-up amortisation and small scale, with room to fall; low returns mostly reflect members’ own conservative picks lagging inflation, while equity and mixed funds delivered 9–10%; better to speed Employee Choice and force fee cuts through competition. Demonising solves nothing.

After the rant, what actually helps?

Stop shouting, start fixing the mix: the young shouldn’t sleep in capital-preservation funds — go bolder to beat inflation. Compare equity vs preservation funds’ long-run returns and act instead of raging.