What did he say in May 2011?
On 6 May 2011, Federation of Hong Kong Industries chairman Wong Kwan-ming opposed raising the contribution ceiling from HK$1,000 to HK$1,250, slamming MPFA fees as too high and opaque. He demanded the MPFA commit to cutting admin fees, without which employers couldn’t be persuaded to accept the hike; he also criticised repeated delays to the ceiling’s effective date, leaving employers adrift.
What’s the lesson?
Higher contributions without transparency win over neither employers nor workers; fund choice is workers’ one lever — at MPF fund comparison.
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