Trustees Woo Members Ahead of Employee Choice

What are trustees doing?

Even with the Employee Choice Arrangement paused, the battle for members rages on: low-fee new funds, management fee cuts, fund unit rebates. HSBC launched a cheaper ETF-based MPF fund late last year; Manulife offered new-client discounts; HSBC cut fees again.

Why the urgency?

Once members can vote with their feet, market share could reshuffle — HSBC, Manulife and AIA currently lead. Trustees want a “good value” image before the starting gun. Find your best fit on MPF fund comparison.