How did the MPFA study forcing fee cuts in July 2011?
In July 2011, reports said officials weighed two moves to force 19 trustees to cut admin fees: legislating detailed financial disclosure to regulate charges, or creating a public trustee to drive voluntary cuts through competition. Chairman Anna Wu personally favoured a public or social-enterprise trustee run on a “no profit, no loss” basis.
How far had the ideas gone?
Both were preliminary concepts pending consultation, with no timetable; the MPFA would also report on letting seriously ill members withdraw before 65.
How would a public trustee help workers?
One more low-fee choice; compare existing trustee fees first at MPF fund comparison.
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