What Benefits Do MPF Members Get From Voluntary Contributions?

What did Towers Watson report in May 2011?

Citing industry views: the census shows life expectancy keeps rising — retirement could last 20 years, so how do you ensure enough savings? Principal CEO Stanley Yip said voluntary contributions on top of the mandatory 5% (like Principal’s SVC) help reach retirement goals; unlike unit trusts or stocks, voluntary contributions carry no initial subscription charges or upfront fees; members can invest lump sums or monthly.

What should members watch?

Voluntary contributions are long-term retirement savings, not a trading tool; choose funds on fees and performance.

What can workers do now?

Compare plans’ voluntary-contribution fees and fund performance at MPF fund comparison.